FX.co ★ Montenegro Inflation Rate at 11-Month High

In May 2025, Montenegro experienced an increase in its annual inflation rate, rising to 3.9% from 3.4% in April. This increase represents the highest inflation rate since June 2024. The primary contributors to this rise were the increased costs in several categories, including food and non-alcoholic beverages, which saw a jump to 4.2% from 2.8% in April. Additionally, there were notable increases in housing, water, electricity, gas, and other fuels (6.1% compared to 5.9%), health services (which increased to 13.5% from 13.2%), and the sectors of restaurants and hotels (rising to 10.1% from 9.5%), recreation and culture (up to 7.0% from 6.7%), as well as furnishings, household equipment, and routine household maintenance (which climbed to 5.8% from 5.3%). On the other hand, the inflation rate for education remained constant at 0.9%. There was a slight easing of inflation in the communication sector, which decreased to 1.7% from 1.8%. Contrarily, deflation intensified in the transport sector, worsening to -3.2% from -2.5%, and in clothing and footwear, which saw a fall to -1.8% from -1.4%. On a month-to-month analysis, consumer prices decreased slightly to 0.6% in May, down from 0.8% in the prior month.