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Montenegro's annual inflation rate declines in June

Author Radomir Ralev
Montenegro's annual inflation rate declines in June Author: AleGranholm Licence: Creative Commons, Attribution.

PODGORICA (Montenegro), July 12 (SeeNews) - Montenegro's consumer price index (CPI) fell by 0.1% year-on-year in June, after rising by 0.7% in May, the national statistical office said on Friday.

Consumer prices went down by 0.7% on the month in June after increasing by 0.2% a month earlier, the statistical office said in a statement.

The biggest monthly rise in prices in June, of 3.7%, was recorded in the segment of hotels and restaurants, followed by other goods and services, of 0.1%.

On the other hand, the costs of clothing and footwear declined by 4.1% month-on-month in June, while prices of housing, water, electricity, gas and other fuels went down by 1.7%.

In 2018, Montenegro's CPI grew by 2.6% after rising by 2.4% in 2017.