Interannual inflation in Montenegro reached 17.5%
, NewsThe prices of personal consumption products and services, measured by the consumer price index, in November, compared to October, were on average 0.9% higher, according to Monstat data. Compared to the same month last year, prices increased by 17.5%.
The biggest impact on the monthly inflation rate was the increase in prices in the groups milk, cheese and eggs, fuel and lubricant for motor vehicles, real rents paid by tenants for their primary residence, meat, shoes and other footwear, clothing, fish and seafood, services for maintenance and repair of apartments.
Consumer prices in the period from January to November this year, compared to the same period last year, increased by 12.7% on average.
Observed by the main groups of products and services according to the purpose of consumption, in November compared to the previous month, growth was recorded in the groups transportation 2.8%, food and non-alcoholic beverages, clothing and footwear, and other goods and services one percent, housing, water, electricity, gas and other fuels 0.8%, recreation and culture also 0.8%.
Prices also increased in the category of furniture, household equipment and routine apartment maintenance by 0.4%, communications by 0.2%, and alcoholic beverages and tobacco by 0.1%.
The drop in prices recorded in the restaurants and hotels groups by 2.2% and health by 0.7%.
The prices of other products and services did not change significantly, local media reports.
LATEST NEWS
- February 1, 2024 Invitation to Enhance Visibility and Stakeholder Engagement in EU Horizon Projects
- January 17, 2024 Montenegro forests, emissions trading and carbon offset credits, opportunities for investments
- May 11, 2023 Luxury Public Relations for pearl of Mediterranean, Elevate PR for Montenegro
- May 11, 2023 Elevate your business in Montenegro with Elevate PR
- May 9, 2023 Montenegro economy briefing: Wage growth in the public sector and other labour market issues
- April 8, 2023 Montenegro economy briefing: Increased indebtedness of Montenegro
- January 22, 2025 Podgorica’s declining air connectivity: Citizens turn to Tirana for low-cost flights to Europe
- January 22, 2025 Juxinyan Import Export receives approval for residential-business-tourist complex in Bar
- January 22, 2025 Two wind farms with combined capacity of 402.6 MW planned for Sinjajevina