The European Union harmonised annual inflation rate in Montenegro increased to 4.7% in July 2025 from 4.6% in the previous month, marking the highest since May 2024. Harmonised Inflation Rate YoY in Montenegro averaged 3.07 percent from 2011 until 2025, reaching an all time high of 15.80 percent in November of 2022 and a record low of -1.60 percent in July of 2020. source: Statistical Office of Montenegro



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-07-11 09:00 AM
Harmonised Inflation Rate YoY
Jun 4.6% 4.5% 4.6%
2025-08-12 09:00 AM
Harmonised Inflation Rate YoY
Jul 4.7% 4.6% 4.9%
2025-09-12 09:00 AM
Harmonised Inflation Rate YoY
Aug 4.7% 4.6%


Related Last Previous Unit Reference
Consumer Price Index CPI 142.90 142.00 points Jul 2025
CPI Housing Utilities 140.00 138.90 points Jul 2025
CPI Transportation 129.10 125.80 points Jul 2025
Export Prices 187.40 189.50 points Jun 2025
Food Inflation 5.20 5.00 percent Jul 2025
Harmonised Consumer Prices 143.85 142.53 points Jul 2025
Harmonised Inflation Rate YoY 4.70 4.60 percent Jul 2025
Inflation Rate YoY 4.50 4.20 percent Jul 2025
Inflation Rate MoM 0.60 0.40 percent Jul 2025
Producer Prices 102.30 101.40 points Jul 2025
PPI YoY -0.10 -1.84 percent Jul 2025

Montenegro Harmonised Inflation Rate YoY
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term.
Actual Previous Highest Lowest Dates Unit Frequency
4.70 4.60 15.80 -1.60 2011 - 2025 percent Monthly
NSA