Montenegro Inflation Rate 2006-2022

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 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.
  • Montenegro inflation rate for 2018 was 2.61%, a 0.23% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 154.76%
Suriname 59.11%
Turkey 19.60%
Belarus 9.46%
Brazil 8.30%
Dominican Republic 8.24%
Botswana 7.24%
Algeria 7.23%
Armenia 7.18%
Russia 6.69%
Azerbaijan 6.65%
Iraq 6.04%
Jamaica 5.86%
Mexico 5.69%
Romania 5.05%
Guyana 5.03%
Paraguay 4.79%
South Africa 4.61%
Peru 4.27%
Guatemala 4.26%
Serbia 4.09%
Mauritius 4.03%
Namibia 3.62%
Colombia 3.50%
Bulgaria 3.30%
North Macedonia 3.23%
Samoa 3.13%
Malaysia 2.48%
Montenegro 2.41%
St. Lucia 2.41%
Albania 2.04%
Bosnia 1.98%
Costa Rica 1.73%
St. Vincent and the Grenadines 1.57%
Jordan 1.35%
Thailand 1.23%
Grenada 1.22%
China 0.98%
Maldives 0.54%
Dominica 0.52%
Fiji 0.16%
Ecuador 0.13%
Montenegro Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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%