Montenegro Inflation Picks up in January

Figures

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Montenegro's consumer price index (CPI) increased by 4.4% year-on-year in January, after rising by an annual 4.3% in December, the Podgorica-based Statistical Office of Montenegro (Monstat) said in a statement on Wednesday.

Inflation was primarily driven by a 15.9% increase in clothing and footwear prices and a 12.9% rise in restaurant and hotel prices.

Additionally, prices rose for housing, water, electricity, gas, and other fuel prices by 6.8% and were up for alcoholic beverages and tobacco by 4.6%.

Cost for healthcare services added 4.5%, while furniture, household equipment, and household maintenance prices advanced by 4.2%.

On a monthly comparison basis consumer prices rose by 0.5% following three consecutive periods of decreases. 

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