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):
|
|
m/m |
y/y |
| TOTAL |
+0.7 |
+6.9 |
| Food |
+1.3 |
+6.5 |
| Tobacco, beverages |
-0.1 |
+0.3 |
| Clothes, shoes |
0.0 |
+1.4 |
| Housing rents |
0.0 |
+3.8 |
| Heating, electricity |
0.0 |
+25.4 |
| Furniture |
+0.1 |
+0.8 |
| Hygiene, health care |
+0.2 |
+0.9 |
| Entertainment |
+0.1 |
+2.9 |
| Transport |
0.0 |
+13.2 |
| Goods |
+0.8 |
+6.3 |
| Services |
0.0 |
+12.0 |
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.