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Nov 19, 2007 18:04 EEST
November 19 (SeeNews) - Montenegro's October consumer price index rose by 6.9% on the year and was 0.7% higher month-on-month, the country's Statistics Office said on Monday.
The consumer price index rose by a cumulative 3.4% in the first 10 months of 2007.
MONTENEGRO OCTOBER CPI (pct change):
In April, the government projected 3.0% inflation for the current year, while the Montenegrin central bank, CBCG, said that inflation would accelerate to 3.5% from 2.0% in 2006. CBCG’s realistic forecast is 3.5%, with an optimistic projection of 2.5% and a pessimistic one of 4.5%.
The Finance Ministry said earlier this month it expects an average inflation of 3.5% for each of the next three years.
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