Montenegrin Inflation Slows in December

Figures

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Montenegro's consumer prices increased by 17.2% year-on-year in December, after rising by an annual 17.5% a month earlier, the Statistical Office of Montenegro (Monstat) said on Tuesday.

In December, annual inflation was mostly fueled by an increase in the prices of food and non-alcoholic beverages, by 28.9%.

Prices at restaurants and hotels rose by 16.8%, prices of housing, water, electricity, gas, and other fuels went up by 16.2%, transport cost added 12%, and furniture, household equipment and household maintenance prices went up 13.4%.

Prices of clothing and footwear meanwhile increased 8.3%, healthcare cost gained 6.8% and prices for alcoholic beverages and tobacco added 5.7%. On a monthly basis, consumer prices inched up by 0.1%, - the smallest growth since August 2021 -, after adding 0.9% in November.

Measured by the harmonized index of consumer prices (HICP), annual inflation accelerated to 15.7% in December from 4.5% in the same month of 2021. 

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