Montenegro's consumer price inflation cools off to 2.7% in March.

By bne IntelliNews April 19, 2012
Montenegro's consumer price inflation slowed to 2.7% y/y in March from 4.2% a month earlier, data from the statistics office showed. The deceleration came mostly on the back of lower price growth of food and transport. Growth in transport prices cooled off to 1.3% y/y compared to 5.8% y/y in Feb. Food prices rose by 1.4% y/y in March, down from February's 3.3% annual growth. Price growth of electricity, gas and other fuels posted a slight decrease to 8% y/y, from 8.5% y/y growth a month earlier. Decline in clothes prices also contributed to the inflation easing (down by 3.1% y/y in March, up from 2.2% y/y decline in Feb). In monthly terms, CPI rose by 0.4% in March. In Q1, inflation in Montenegro was 3.7% as a result of more expensive food, beverages, tobacco, utilities, health, transport and communications.
Montenegro: CPI inflation, %, y/y
Dec-10 2010/2009 Dec-11 2011/2010 Jan-12 Feb-12 Mar-12
TOTAL 0.7 0.5 2.8 3.1 2.7 4.2 2.7
Food 2.0 0.3 0.5 2.8 0.3 3.3 1.4
Tobacco and beverages -1.0 0.7 26.3 19.0 21.1 24.8 25.5
Clothing and footwear 0.3 0.2 -1.8 -1.7 0.4 -2.2 -3.1
Housing, water, electricity, gas, fuels -7.5 -7.0 2.2 -0.5 4.8 8.5 8.0
Household furnishings 1.0 -3.1 -0.9 -0.9 -0.3 -0.1 -0.1
Health 5.0 2.1 15.0 13.7 8.3 6.6 5.1
Transport 6.0 10.6 7.7 9.0 7.6 5.8 1.3
Communications 0.0 0.0 1.1 0.6 0.9 1.0 1.0
Culture and leisure -2.2 -1.7 -3.9 -4.3 -1.1 -0.7 -0.9
Education 0.1 0.0 -0.6 -0.4 -0.3 -0.3 -0.3
Restaurants and hotels 2.1 2.4 3.0 3.6 -0.5 -0.5 0.7
Other services and goods 0.7 0.7 3.1 1.3 2.7 5.4 3.6
Source: Monstat; IntelliNews calculations

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss