Inflation in Montenegro
Consumer price inflation averaged 2.3% in the ten years to 2022 in Montenegro, below the Eastern Europe regional average of 7.7%. The average figure for 2022 was 13.0%. For more inflation information, visit our dedicated page.
Montenegro Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Montenegro from 2014 to 2023.
Source: Macrobond.
Montenegro Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.4 | -0.3 | 2.4 | 13.0 | 8.6 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Montenegrin inflation projections for the next ten years from a panel of 8 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Montenegrin inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Montenegrin inflation projections.
Want to get access to the full dataset of Montenegrin inflation forecasts? Send an email to info@focus-economics.com.