Montenegro's annual inflation drops to 5.1%

Monthly deflation measured by Consumer price index was -0.3% in December, while annual inflation down to +5.1%. This was influenced mostly by the decrease in prices of clothing and footwear; fuels and lubricants; fruit and vegetables and transport services.When observing the main...

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Montenegro's annual inflation drops to 5.1%



Balkans.com Business News Correspondent - 22.01.2013

Monthly deflation measured by Consumer price index was -0.3% in December, while annual inflation down to +5.1%. This was influenced mostly by the decrease in prices of clothing and footwear; fuels and lubricants; fruit and vegetables and transport services.

When observing the main groupsmonthly drop of prices was noticed in the following groups: Clothing and footwear (-1.7%); Transport (-1.7%); Furnishing, household equipment and routine household maintenance (-0.7%); Recreation and culture (-0.4%); Food and non-alcoholic beverages (-0.2%); Restaurants and hotels (-0.1%); while a growth of prices is recorded in groups: Housing, water, electricity, gas and other fuels (+0.6%); Health(+0.2%); Miscellaneous goods and services (+0.2%); Communications (+0.1%). Prices in the groups: Alcoholic beverages and tobacco; Education, remain at the same level as in the previous month.

Source: MONSTAT


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