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Montenegro's consumer prices continue to drop in July

Author Iskra Pavlova
Montenegro's consumer prices continue to drop in July Photo:

PODGORICA (Montenegro), August 16 (SeeNews) - Montenegro's consumer price index (CPI) fell by 0.4% year-on-year in July, after declining by 0.1% in June, the national statistical office said.

On a monthly comparison basis, Montenegro's consumer prices edged down by 0.1% in July after falling by 0.7% in June, the statistical office said in a statement on Thursday.

The biggest impact on the negative monthly inflation rate came from the drop in prices of clothes and footwear (down 2.0%), transport (down 0.4%) and communications (down 0.2%). The prices of food and beverages also declined, by a monthly 0.1% in July.

On the other hand, the biggest monthly rise in prices in July, of 2.5%, was recorded in the segment of hotels and restaurants, followed by housing, water, electricity, gas and other fuels, and recreation and culture, up by 0.2% each.

The country recorded annual inflation of 0.4% in the first half of 2019.

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