Montenegro Inflation Rate at 10-Month Low

Montenegro’s annual inflation rate eased to 2.9% in January 2026, from 4% in December. This marked the lowest reading since March 2025, as prices moderated for food and non-alcoholic beverages (2.9% vs 4.2% in December), housing and utilities (4.9% vs 7.4%), furnishings, household equipment, and routine household maintenance (2.9% vs 3.2%), health (12.6% vs 13.6%), and recreation, sports, and culture (2.4% vs 5%). In addition, costs fell for transport (-1.1% vs 1.5%). Conversely, costs increased at a faster pace for alcoholic beverages and tobacco (5.7% vs. 5.2%) and restaurants and accommodation services (5.5% vs. 5.4%), while remaining unchanged for clothing and footwear (-2.2%) and education (0%). On a monthly basis, consumer prices rose 0.1%, recovering from a 0.3% fall in December. Meanwhile, the annual harmonized inflation rate slowed to 2.6% from 3.7%.