Recent data from Montenegro Statistics Office (MONSTAT) indicates that consumer prices continued to climb, but the pace of inflation has cooled slightly. In July 2025, the month-over-month increase was 0.6% on average. The more notable figure is the annual inflation rate, with prices up by 4.5% compared to July of the previous year. During January–July 2025, the cumulative rise stood at 3.5% on average.
Which items stood out in this month’s inflation? MONSTAT’s analysis points to the following groups as the main contributors to the monthly rise:
- Fuel and Transportation: Higher prices in airline travel and motor fuels plus lubricants pushed this sector up by about 2.6%.
- Food and Accommodation: Restaurant and hotel services surged by approximately 3.4%, with notable contributions from meat, fruit, dairy products, eggs, bread, and cereals within food items.
- Energy and Other Essentials: Housing, water, electricity, and gas costs increased by around 0.8%, alongside higher solid fuel prices.
On the flip side, some categories eased. Clothing and footwear prices declined by about 3.7%, and there was a small dip in communication services (0.1%). Overall, these data suggest persistent inflation pressures in Montenegro, though the rate is moving away from double-digit growth on an annual basis. Key factors influencing the inflation trajectory include changes in fuel and food prices.
Source: CDM – 12.08.2025
