Inflation rates in Montenegro
The inflation rate for consumer prices in Montenegro moved over the past 16 years between -0.7% and 13.0%. For 2022, an inflation rate of 13.0% was calculated.During the observation period from 2006 to 2022, the average inflation rate was 3.2% per year. Overall, the price increase was 63.98%. An item that cost 100 euros in 2006 costs 163.98 euros at the beginning of 2023.
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Performance over the last 16 years compared with the USA
In only a few countries are negative inflation rates achieved. This means that the general price level is declining and consumer prices get cheaper. This is called deflation. In comparison to most other countries, the drastic price increases are no longer average. Usually this is a sign of political and economic turmoil.Performance based on 100% in 2005:
Inflation calculator for Montenegro
Enter any amount, an initial year and an end year here. You will then be provided with the original amount after inflation. Example: 1,000 euros in 2006 corresponds to 1,639.79 euros at the beginning of 2023 due to inflation.Inflation rates for consumer goods in Montenegro
Historical inflation rates in comparison
| Year | Montenegro | Ø EU | Ø USA | Ø World |
|---|---|---|---|---|
| 2022 | 13.04 % | 9.22 % | 8.00 % | 8.31 % |
| 2021 | 2.41 % | 2.55 % | 4.70 % | 3.48 % |
| 2020 | -0.26 % | 0.48 % | 1.23 % | 1.92 % |
| 2019 | 0.36 % | 1.63 % | 1.81 % | 2.19 % |
| 2018 | 2.61 % | 1.74 % | 2.44 % | 2.44 % |
| 2017 | 2.38 % | 1.43 % | 2.13 % | 2.19 % |
| 2016 | -0.27 % | 0.18 % | 1.26 % | 1.55 % |
| 2015 | 1.55 % | -0.06 % | 0.12 % | 1.43 % |
| 2014 | -0.71 % | 0.20 % | 1.62 % | 2.35 % |
| 2013 | 2.21 % | 1.22 % | 1.46 % | 2.62 % |
| 2012 | 4.15 % | 2.66 % | 2.07 % | 3.73 % |
| 2011 | 3.45 % | 3.29 % | 3.16 % | 4.82 % |
| 2010 | 0.65 % | 1.53 % | 1.64 % | 3.35 % |
| 2009 | 3.47 % | 0.84 % | -0.36 % | 2.94 % |
| 2008 | 8.76 % | 4.16 % | 3.84 % | 8.95 % |
| 2007 | 4.35 % | 2.51 % | 2.85 % | 4.82 % |
| 2006 | 2.92 % | 2.67 % | 3.23 % | 4.28 % |
Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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Country comparison: Montenegro / United States of America
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