Montenegro's harmonised inflation decelerates to 4.8% y/y in Nov 2012.

By bne IntelliNews December 19, 2012
Montenegro's inflation, measured by the EU harmonised inflation index (HICP), decelerated to 4.8% y/y in November from an annual 4.9% a month earlier, statistics office (MONSTAT) data showed. Transport prices contributed to the deceleration as their growth slowed to 1.9% y/y in November from 2.6% y/y in the previous month. Communications prices also slowed to 2.6% y/y in November from 3.1% a month earlier. Prices of housing, water, electricity, gas increased the most - by 10.1% on the year, followed by food and non-alcoholic beverages and alcoholic beverages and tobaccos, which rose by 8.7% y/y and 8.9% y/y, respectively. On a monthly basis the total index dropped by 0.3%, following a deflation of 0.1% y/y in the previous month. Earlier reported CPI data showed that inflation stood at 5.2% y/y in Nov, unchanged from a month earlier. Rising clothing and footwear price was the main pro-inflationary factor.

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