Montenegro’s annual inflation rate accelerated to 5.9% in October 2026, up from 5.2% in September, marking its highest level since October 2023. The pickup was mainly driven by stronger price growth in transport (20.3% vs 18.5% in September), housing and utilities (1.9% vs 1.5%), and food (3.5% vs 2.6%). Prices also rose faster for furnishings (3.7% vs 2.0%), recreation, sports and culture (4.1% vs 3.5%), and education (0.3% vs 0.1%), while inflation in health stood at 4.4%.
In contrast, price growth slowed in clothing and footwear (3.5% vs 4.1%) and in restaurants and hotels (5.8% vs 6.6%). On a monthly basis, consumer prices increased by 0.5% in October, the same rate as in September. Meanwhile, the annual harmonized inflation rate climbed to 5.9% from 5.5%, reaching its highest level since March 2024.
