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Montenegro Inflation Rate Slows in January

Figures

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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.

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