Montenegro Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Montenegro's inflation rate was 4.06% in 2025, ranked 61st globally. This represents a 21.8% increase from 2024. Data from World Bank, covering 2000–2025.
Overview
Montenegro's inflation rate stood at 4.06% in 2025, a rise of +0.73pp from 2024. The IMF projects 4.06% by 2025. Montenegro ranked 61st globally.
Montenegro’s inflation rate has fallen dramatically from an all‑time peak of 29.86 % in 2000 to a modest 4.06 % in 2025, placing it 61st globally and aligning it with peers such as Nepal, which recorded the same 4.06 % level, and Kenya at 4.00 %. The sharpest decline occurred after the 2014 trough of –0.71 %, when deflation briefly signaled excess capacity and weak demand. Over the 26‑year coverage period, the average trajectory has been downward, reflecting tighter monetary policy, improved fiscal discipline, and the stabilising influence of Euro‑area price anchors following Montenegro’s de‑facto euroisation. Nonetheless, the current rate remains above the Eurozone’s target of just under 2 %, suggesting that price pressures, particularly in energy and food imports, still exert upward force. Continued alignment with European monetary standards and further structural reforms could deepen disinflation, nudging the rate closer to the low‑inflation benchmark in the coming years.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 2.04% | - | - |
| 2029* IMF | 2.00% | - | - |
| 2028* IMF | 2.02% | - | - |
| 2027* IMF | 2.34% | - | - |
| 2026* IMF | 2.29% | - | - |
| 2025* IMF | 4.06% | - | - |
| 2025 | 4.06% | +0.73pp | #61 |
| 2024 | 3.34% | −5.25pp | #109 |
| 2023 | 8.58% | −4.45pp | #139 |
| 2022 | 13.04% | +10.63pp | #151 |
| 2021 | 2.41% | +2.67pp | #68 |
| 2020 | -0.26% | −0.62pp | #31 |
| 2019 | 0.36% | −2.25pp | #27 |
| 2018 | 2.61% | +0.23pp | #107 |
| 2017 | 2.38% | +2.65pp | #100 |
| 2016 | -0.27% | −1.82pp | #36 |
| 2015 | 1.55% | +2.26pp | #105 |
| 2014 | -0.71% | −2.91pp | #9 |
| 2013 | 2.21% | −1.94pp | #90 |
| 2012 | 4.15% | +0.69pp | #110 |
| 2011 | 3.45% | +3.07pp | #68 |
Detected Pattern
Analysis
Montenegro matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw inflation rate improve within 24 months. View full analysis →
Frequently Asked Questions
Montenegro's inflation rate was 4.06% in 2025. Ranked 61st globally. This represents a 21.8% increase from the previous year.
Montenegro's inflation rate peaked at 29.86% in 2000.
The lowest inflation rate in Montenegro was -0.71% in 2014.
Montenegro ranks 61st globally in inflation rate as of 2025.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
Montenegro's inflation rate is projected to reach 4.06% by 2025 based on IMF projection.
The inflation rate of Montenegro in 2025 was 4.06%. This ranks 61st in the world.
Cite this page
@misc{historysaid_montenegro_inflation-rate,
title = {Montenegro Inflation Rate},
url = {https://historysaid.com/montenegro/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}