Montenegro's consumer prices fell by 0.6% y/y in July, slowing from a 1% y/y decrease in the previous month, statistics office data showed on August 16.
The International Monetary Fund (IMF) has forecast that CPI inflation will reach 1.4% y/y in 2016, the same level as in 2015. However, consumer prices declined by 0.5% y/y in the first seven months of the year.
In July, prices of tobacco and beverages rose the most, by 2.7% y/y, followed by clothing prices, which moved up by 2.5% y/y, data showed.
At the same time, transport prices again fell the most - by 6.6% y/y.
Prices of food and non-alcoholic beverages went down 0.6% y/y.
On a monthly comparison basis, the CPI was flat in July, after edging up 0.1% m/m in June, mainly due to rising prices of restaurants and hotels.