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Montenegro's consumer prices continue to drop in September

Author Radomir Ralev
Montenegro's consumer prices continue to drop in September hxdbzxy/

PODGORICA (Montenegro), October 15 (SeeNews) - Montenegro's consumer price index (CPI) fell by 0.2% year-on-year in September, after declining by the same rate in August, the national statistical office said on Tuesday.

On a monthly comparison basis, Montenegro's consumer prices edged up by 0.1% in September, the same as in August, the statistical office said in a statement.

The biggest impact on the positive monthly inflation rate came from the rise in prices of clothing and footwear (up 5.1%), other goods and services (up 0.3%) and housing, water, electricity, gas and other fuels (up 0.1%).

On the other hand, the biggest monthly decline in prices in September was recorded in the segment of hotels and restaurants, down by 2.9%.

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