Inflation, consumer prices in Montenegro

Montenegro: Inflation, consumer prices was 3.9% in 2025. ◆ Volatile

Latest (2025)
3.9%
Change on year
up 16.9%
World rank
66th
of 191 countries
All-time high
13.0%
in 2022
All-time low
-0.7%
in 2014
Years of data
20
2006–2025

Inflation, consumer prices in Montenegro, 2006–2025

0510152006201520252006: 2.9 annual %2007: 4.3 annual %2008: 8.8 annual %2009: 3.5 annual %2010: 0.655 annual %2011: 3.5 annual %2012: 4.1 annual %2013: 2.2 annual %2014: -0.711 annual %2015: 1.5 annual %2016: -0.271 annual %2017: 2.4 annual %2018: 2.6 annual %2019: 0.362 annual %2020: -0.256 annual %2021: 2.4 annual %2022: 13 annual %2023: 8.6 annual %2024: 3.3 annual %2025: 3.9 annual %

Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.

Analysis

Montenegro recorded 3.9% for inflation, consumer prices in 2025.

That represents a change of up 16.9% on the previous year and up 151.8% over ten years.

Over the whole period, inflation, consumer prices in Montenegro peaked at 13.0% in 2022 and was at its lowest, -0.7%, in 2014.

Montenegro ranks 66th of 191 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Inflation, consumer prices in Montenegro, year by year

Annual values for Inflation, consumer prices (annual %) in Montenegro, 2006 to 2025.
Year annual % Change
2006 2.9%
2007 4.3% +48.6%
2008 8.8% +101.5%
2009 3.5% -60.4%
2010 0.7% -81.1%
2011 3.5% +426.8%
2012 4.1% +20.1%
2013 2.2% -46.8%
2014 -0.7% -132.2%
2015 1.5% -318.0%
2016 -0.3% -117.5%
2017 2.4% -977.1%
2018 2.6% +9.7%
2019 0.4% -86.2%
2020 -0.3% -170.7%
2021 2.4% -1043.0%
2022 13.0% +440.9%
2023 8.6% -34.2%
2024 3.3% -61.1%
2025 3.9% +16.9%

Averages by decade

DecadeAverage LowestHighest Years
2000s 4.9% 2.9% 8.8% 4
2010s 1.6% -0.7% 4.1% 10
2020s 5.2% -0.3% 13.0% 6

Countries ranked near Montenegro

  1. 63 Maldives 4.0% compare
  2. 64 Jamaica 4.0% compare
  3. 65 Slovakia 4.0% compare
  4. 67 Serbia 3.9% compare
  5. 68 United Kingdom of Great Britain and Northern Ireland 3.9% compare
  6. 69 Dominican Republic 3.9% compare

See the full ranking of 238 places →

More economy & growth data for Montenegro

All data for Montenegro →

Frequently asked questions

What is inflation, consumer prices in Montenegro?
Inflation, consumer prices in Montenegro was 3.9% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
What is the highest inflation, consumer prices recorded in Montenegro?
The highest recorded value was 13.0% in 2022.
What is the lowest inflation, consumer prices recorded in Montenegro?
The lowest recorded value was -0.7% in 2014.
How does Montenegro rank for inflation, consumer prices?
Montenegro ranks 66th out of 191 countries with data for 2025.
Is inflation, consumer prices rising or falling in Montenegro?
Over the last ten years it is up 151.8%. The long-run trend across the full record is volatile.
Where does this Montenegro data come from?
The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.

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Inflation, consumer prices in Montenegro. Statizoid, drawing on International Financial Statistics database, International Monetary Fund (IMF). Retrieved 26 August 2026, from https://economy.statizoid.com/stat/inflation-consumer-prices-annual-percent/montenegro/

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About this data

Indicator
Inflation, consumer prices (annual %)
Unit
annual %
Source
International Financial Statistics database, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
238 places, 11,469 data points, 1960–2025
Last refreshed

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.