Montenegro's inflation, measured by the EU harmonised inflation index (HICP), accelerated to 4.4% y/y in June from an annual 3.6% a month earlier, statistics office (MONSTAT) data showed. Prices of restaurants and hotels increased the most - by 10% on the year, following 5% annual increase in the previous month. Food and non-alcoholic beverages prices also contributed to the annual inflation as their growth reached 7.2% y/y in June, up from 2.6% y/y in the previous month. The harmonised monthly inflation, however, decelerated to 0.5% in June from 0.8% in May. Earlier reported CPI data showed that inflation accelerated to 3.9% y/y in June from an annual 3.5% in May due to higher growth in prices of food, restaurants and hotels, and recreation and culture services. |
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'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 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