Montenegro Inflation Rate Falls in September

Figures

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Montenegro's consumer price index (CPI) increased by 7.9% year-on-year in September, after rising by an annual 8.6% in August, figures from the Podgorica-based Statistical Office of Montenegro (Monstat) showed on Monday.

The annual inflation in September was primarily driven by a 13.6% increase in clothing and footwear prices, and a 11.5% rise in restaurant and hotel prices.

Additionally, prices increased for furniture, household equipment by 9.2%, cost for food and non-alcoholic beverage costs went up by 7.6% and prices for housing, water, electricity, gas, and other fuel prices advanced 7.4%.

On a monthly basis, consumer prices rose by 0.8% in September, the least in four months, after a 1.7% increase in the previous month. 

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