Montenegrin Inflation Rate Rises in August
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Montenegro's consumer price index (CPI) increased by 8.6% year-on-year in August, after rising by an annual 6.9% in July, the Statistical Office of Montenegro (Monstat) said on Thursday.
Main upward pressures came from food & non-alcoholic beverages (10.5% vs 10.1% in July), clothing & footwear (13.9% vs 8.3%), transport (4.1% vs -5.5%) and housing & utilities (7.1% vs 6.9%).
On the other hand, inflation eased for health (5.7% vs 6%) and restaurants & hotels (9.5% vs 12.1%), while price growth was steady for education (3.2%). On a monthly comparison basis, consumer prices went up by 1.7% in August, after increasing by 1% in July.
In addition, the EU harmonized index, or HICP, advanced 9.1% year-on-year, up from a 7.8% rise in the last month.
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