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UPDATE 1 - Montenegro's inflation quickens to 2.4% y/y in July

UPDATE 1 - Montenegro's inflation quickens to 2.4% y/y in July Author: AleGranholm Licence: Creative Commons, Attribution.

PODGORICA (Montenegro), August 11 (SeeNews) - Montenegro's consumer price index (CPI) went up by 2.4% year-on-year in July, after increasing by 2.1% a month earlier, the national statistical office said on Friday.

Consumer prices rose by 0.2% on the month in July after falling by 0.1% in June, the statistical office said in a statement.

The biggest monthly rise in prices in July, of 5.8%, was recorded in the hotels and restaurants segment. Furniture and household appliances prices rose by 0.9%, while prices of transport grew by 0.4%.

On the other hand, the prices of clothing and footwear declined by 0.8% month-on-month in July, while food and non-alcoholic beverages costs fell 0.1%.

In 2016, Montenegro's CPI fell by 0.2% after rising by 1.5% in 2015.

Author Radomir Ralev
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