Montenegro Inflation Rate 2006-2024

Inflation as measured by the consumer price index 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. The Laspeyres formula is generally used.
  • Montenegro inflation rate for 2022 was 13.04%, a 10.63% increase from 2021.
  • Montenegro inflation rate for 2021 was 2.41%, a 2.67% increase from 2020.
  • Montenegro inflation rate for 2020 was -0.26%, a 0.62% decline from 2019.
  • Montenegro inflation rate for 2019 was 0.36%, a 2.25% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Turkey 72.31%
Suriname 52.45%
Bulgaria 15.33%
Belarus 15.21%
North Macedonia 14.20%
Bosnia 14.02%
Azerbaijan 13.85%
Romania 13.80%
Montenegro 13.04%
Serbia 11.98%
Botswana 11.67%
Tonga 10.97%
Samoa 10.96%
Mauritius 10.77%
Jamaica 10.35%
Colombia 10.18%
Paraguay 9.77%
Brazil 9.28%
Algeria 9.27%
Dominican Republic 8.81%
Armenia 8.64%
Peru 8.33%
Costa Rica 8.27%
Mexico 7.90%
South Africa 7.04%
Guatemala 6.89%
Albania 6.73%
St. Lucia 6.38%
Namibia 6.08%
Thailand 6.08%
St. Vincent and the Grenadines 5.66%
Iraq 4.99%
Equatorial Guinea 4.79%
Fiji 4.52%
Gabon 4.23%
Jordan 4.23%
Ecuador 3.47%
Malaysia 3.38%
Maldives 2.33%
China 1.97%
Montenegro Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 13.04% 10.63%
2021 2.41% 2.67%
2020 -0.26% -0.62%
2019 0.36% -2.25%
2018 2.61% 0.23%
2017 2.38% 2.65%
2016 -0.27% -1.82%
2015 1.55% 2.26%
2014 -0.71% -2.92%
2013 2.21% -1.94%
2012 4.15% 0.70%
2011 3.45% 2.80%
2010 0.65% -2.81%
2009 3.47% -5.29%
2008 8.76% 4.41%
2007 4.35% 1.42%
2006 2.92% 1.42%