Inflation Montenegro 2019
Average inflation: 0.3%
Current Inflation
Inflation is very low at 0.3%, well below the ECB target.
Peak and Trough
The highest inflation was in December at 1.0%. The lowest inflation was in July at -0.4%.
- Highest month
- December: 1.0%
- Lowest month
- July: -0.4%
- Difference
- 1.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 3.1%. The lowest price increase was in Energy with an average of -0.4%.
- Highest increase
- Food: 3.1%
- Lowest increase
- Energy: -0.4%
Historical Context
Current inflation is 1.0% lower than the 5-year average of 1.3%.
- 5-year average
- 1.3%
- 10-year average
- 1.7%
- All-time high (2012)
- 4.2%
- All-time low (2014)
- -0.7%
Trend
Inflation shows a downward trend. Compared to 2018, inflation has fallen by +2.3 percentage point.
- Change vs. previous year
- -2.3 percentage points
- Largest monthly swing
- July: -3.8 percentage points
ECB Target
Inflation is 1.7% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 0.3% | -2.3 |
| February | 0.4% | -2.3 |
| March | 0.8% | -2.1 |
| April | 0.9% | -2.0 |
| May | 0.7% | -2.4 |
| June | -0.1% | -3.5 |
| July | -0.4% | -3.8 |
| August | -0.2% | -3.0 |
| September | -0.2% | -2.1 |
| October | 0.5% | -1.4 |
| November | 0.5% | -1.5 |
| December | 1.0% | -0.6 |
| Average | 0.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.