Inflation Montenegro 2018
Average inflation: 2.6%
Current Inflation
Inflation is normal at 2.6%, around the ECB target.
Peak and Trough
The highest inflation was in June at 3.4%. The lowest inflation was in December at 1.6%.
- Highest month
- June: 3.4%
- Lowest month
- December: 1.6%
- Difference
- 1.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 5.2%. The lowest price increase was in Food with an average of 0.4%.
- Highest increase
- Energy: 5.2%
- Lowest increase
- Food: 0.4%
Historical Context
Current inflation is 1.5% higher than the 5-year average of 1.1%.
- 5-year average
- 1.1%
- 10-year average
- 1.9%
- All-time high (2012)
- 4.2%
- All-time low (2014)
- -0.7%
Trend
Inflation shows an upward trend. Compared to 2017, inflation has risen by +0.2 percentage point.
- Change vs. previous year
- +0.2 percentage points
- Largest monthly swing
- June: +1.3 percentage points
ECB Target
Inflation is 0.6% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 2.6% | +0.6 |
| February | 2.7% | +0.2 |
| March | 2.9% | +0.2 |
| April | 2.9% | +0.6 |
| May | 3.1% | +0.8 |
| June | 3.4% | +1.3 |
| July | 3.4% | +1.0 |
| August | 2.8% | 0.0 |
| September | 1.9% | -0.9 |
| October | 1.9% | -0.4 |
| November | 2.0% | -0.4 |
| December | 1.6% | -0.3 |
| Average | 2.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.