Montenegro Inflation Rate Slows in January
Photo by xtock/Shutterstock.com
Montenegro's consumer price index (CPI) increased by 16.2% year-on-year in January, after rising by an annual 17.2% in December, the Statistical Office of Montenegro (Monstat) said on Wednesday.
In January, annual inflation was mostly fueled by an increase in the prices of food and non-alcoholic beverages, by 25.7%. Prices for restaurants and hotels rose by 17.2%, and the same for housing, water, electricity, gas, and other fuels went up by 16.7%.
In addition, prices for furniture, household equipment, and household maintenance prices rose by 15% and transport cost added 10.3%.
Prices for health increased 7.6%, while cost for clothing and footwear added 7.1% and alcoholic beverages and tobacco were up by 5.9%.
On a monthly comparison basis, consumer prices rose 0.4% in January, after increasing by 0.1% in December.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.