Montenegro consumer prices slip further in July
Photo by xtock/Shutterstock.com
Consumer prices in Montenegro fell 0.5% year-on-year in July, following a 0.2% decrease in the previous month, figures from the Statistical Office of Montenegro (Monstat) show.
Photo by xtock / Shutterstock.com
It was the fourth consecutive month of deflation, amid the adverse effects of the ongoing pandemic crisis. Main downward pressure came from prices of transport (-6.7% vs -8.4% in June); restaurants and hotels (-6.8% vs -4.3%); furnishings (-1.4%, the same pace as in June); recreation and culture (-0.9% vs -0.4%) and housing and utilities (-0.5% vs -0.3%).
Inflation also slowed for food and non-alcoholic beverages (1.5% vs 1.9%) and clothing and footwear (1.2% vs 2.8%).
On a monthly basis, consumer prices dropped 0.3%, after increasing 0.1% in the prior month, the Podgorica-based Monstat said.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
