Montenegrin Inflation Speeds up in October


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Montenegro's consumer price index (CPI) increased by 16.8% year-on-year in October, after rising by an annual 16% in September, the Statistical Office of Montenegro (Monstat) said on Tuesday.

Inflation advanced further as prices of food and non-alcoholic beverages increased 29.5%, while prices at restaurants and hotels rose 17.4% and cost for housing, water, electricity, gas and other fuels grew 14.8%.

Additionally, prices for furniture, household equipment, and routine household maintenance went up by 12.2% and transport cost added 11.9%.

Prices for clothing and footwear also rose, by 6.6%, while the same for healthcare and alcoholic beverages and tobacco were 7.5% and 6% more expensive, respectively.

On a monthly comparison basis, consumer prices grew by 1.4% in October, at the same pace as a month earlier.


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