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Monthly deflation in Montenegro persists

Monthly deflation in Montenegro persists

 

By Christos T. Panagopoulos -

A decrease in prices of accommodation services and food led the Harmonized Index of Consumer Prices in Montenegro to continue tracing a deflation course in September at -0.3%.

According to a report issued by the Montenegrin Statistical office, monthly drop of prices was noticed in the following groups: Restaurants and Hotels (-2.8%); Food and non-alcoholic beverages (-0.5%); Health (-0.3%); Miscellaneous goods and service (-0.3%); Furnishing, household equipment and routine household maintenance (-0.1%); while a growth of prices was recorded in groups: Transport (+1.0%); Housing, water, electricity, gas and other fuels (+0.8%); Clothing and footwear (+0.7%); Recreation and culture (+0.4%); Alcoholic beverages and tobacco (+0.1%).

On the contrary, positive annual inflation rates in September were observed in the following groups: Alcoholic beverages and tobacco (+8.0%); Miscellaneous goods and services (+3.8%); Housing, water, electricity, gas and other fuels (+3.5%); Food and non-alcoholic beverages (+3.3%); Health (+1.9%); Clothing and footwear (+0.7%); Education (+0.2%); while negative annual inflation rates were observed in groups: Transport (-1.8%); Recreation and culture (-1.6%); Communications (-0.7%); Restaurants and Hotels (-0.6%); Furnishing, household equipment and routine household maintenance (-0.4%).

Source: Statistical Office of Montenegro

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