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Montenegro's consumer prices keep declining in August

Author Radomir Ralev
Montenegro's consumer prices keep declining in August hxdbzxy/

PODGORICA (Montenegro), September 17 (SeeNews) - Montenegro's consumer price index (CPI) fell by 0.2% year-on-year in August, after declining by 0.4% in July, the national statistical office said on Monday.

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

The biggest impact on the negative monthly inflation rate came from the drop in prices of recreation and culture (down 0.7%), clothing and footwear (down 0.3%) and communications (down 0.2%).

On the other hand, the biggest monthly rise in prices in August was recorded in the segment of furnishing, household equipment and routine household maintenance, and of miscellaneous goods and services, up by 0.4% each.

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