Montenegro Inflation Rate Quickens on Year in November

Figures

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Montenegro's consumer price index (CPI) increased by 17.5% year-on-year in November, after rising by an annual 16.8% in October, the Podgorica-based Statistics Office of Montenegro (Monstat) said on Thursday.

Annual inflation was mostly fueled by an increase in the prices of food and non-alcoholic beverages by 30.2%, prices of housing, water, electricity, gas and other fuels by 15.5%, cost for restaurants and hotels by 15.3%, transport cost by 13.5%, and prices for furniture, household equipment and routine household maintenance by 12.7%.

In addition, prices for clothing and footwear went up by 7.7% and prices for healthcare added 6.7%.

Prices for alcoholic beverages and tobacco were 6% more expensive in November than a year earlier.

On a monthly basis, consumer prices grew by 0.9% in November, after adding 1.4% in October.

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