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Montenegro's annual inflation rate unchanged in July

Author Maja Garaca
Montenegro's annual inflation rate unchanged in July License: Creative Commons BY-NC 2.0

PODGORICA (Montenegro), August 10 (SeeNews) - Montenegro's consumer price index (CPI) rose by 3.4% year-on-year in July, after growing at the same annual rate in June, the national statistical office said on Friday.

Consumer prices rose by 0.2% on the month in July after increasing by an equal 0.2% a month earlier, the statistical office said in a statement last week.

The biggest monthly rise in prices in July, of 4.9%, was recorded in the segment of hotels and restaurants, followed by food and non-alcoholic beverages, of 0.5%.

On the other hand, the costs of clothing and footwear, and transport declined by 1.0% each month-on-month in July.

In 2017, Montenegro's CPI rose by 2.4% after falling by 0.2% in 2016.