Montenegro's CPI slows to 2.8% y/y in December 2011.

By bne IntelliNews January 18, 2012
The consumer inflation, as measured by CPI, continued decelerating to 2.8% in the last month of 2011, the statistical office (Monstat) informed. The downward trend persisted during the whole fourth quarter of the year. Alcohol and tobacco prices increased the most - by 26.3% y/y, followed by health services and transport, which rose by 15% y/y and 7.7% y/y, respectively. In monthly terms, CPI inched down 0.2% in December. The cumulative inflation for the year remained unchanged from a month ago at 3.1% y/y.
Montenegro: CPI inflation, %, y/y
Dec-10 2010/2009 Mar-11 Jun-11 Sep-11 Dec-11 Jan-Dec
TOTAL 0.7 0.5 3.7 3.5 3.4 2.8 3.1
Food 2.0 0.3 5.9 3.7 1.3 0.5 2.8
Tobacco and beverages -1.0 0.7 9.8 24.9 25.6 26.3 19.0
Clothing and footwear 0.3 0.2 -2.0 -1.5 -1.0 -1.8 -1.7
Housing -7.5 -7.0 -1.6 -2.7 1.9 2.2 -0.5
Household furnishings 1.0 -3.1 -1.0 -0.6 -0.9 -0.9 -0.9
Health 5.0 2.1 11.4 15.6 16.5 15.0 13.7
Transport 6.0 10.6 10.5 9.5 9.9 7.7 9.0
Communications 0.0 0.0 0.1 0.9 1.0 1.1 0.6
Culture and leisure -2.2 -1.7 -4.6 -4.5 -3.8 -3.9 -4.3
Education 0.1 0.0 -0.3 -0.3 -0.6 -0.6 -0.4
Restaurants and hotels 2.1 2.4 3.9 4.4 3.0 3.0 3.6
Other services and goods 0.7 0.7 -0.2 0.5 3.6 3.1 1.3
Source: Monstat; IntelliNews calculations
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