Average inflation measured by CPI reached 1.99 % in 2019 in Montenegro, according to the National Statistical Office. This is 29.9 % less than in the previous year.
Historically, average inflation measured by CPI in Montenegro reached an all time high of 29.9 % in 2000 and an all time low of -0.007 % in 2014. When compared to Montenegro's main peers, average inflation measured by CPI in Albania amounted to 2.85 %, 1.60 % in Bosnia and Herzegovina, 1.50 % in Croatia and 2.35 % in Serbia in 2019.
Montenegro has been ranked 138th within the group of 174 countries we follow in terms of average inflation measured by CPI, 56 places behind the position seen 10 years ago.
Inflation as measured by the consumer price index (CPI) reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.