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
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