Montenegro's annual inflation eases to 17.2% in Dec

In 2022, consumer prices in Montenegro increased by 13% on average compared to 2021.

On a monthly comparison basis, Montenegro's consumer prices edged up by 0.1% in November, after adding 0.9% in November, the statistical office said in a statement.

In December, annual inflation was mostly fuelled by an increase in the prices of food and non-alcoholic beverages, by 28.9%. Prices at restaurants and hotels rose by 16.8%, prices of housing, water, electricity, gas and other fuels went up by 16.2%, transport prices added 12%, and furniture, household equipment and household maintenance prices rose by 13.4%.

Prices of clothing and footwear increased by 8.3%, healthcare appreciated by 6.8% and alcoholic beverages and tobacco were 5.7% more expensive year-on-year in December 2022.

Measured by the harmonised index of consumer prices (HICP), Montenegro's annual inflation accelerated to 15.7% in December from 4.5% in the same month of 2021.