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Inflation rate at 3.4 percent in April

Podgorica, (MINA-BUSINESS) – Compared with last year’s corresponding period, the prices of products and services for personal consumption, measured by the consumer price index (CPI), were 3.4 percent higher on average in April.

According to Monstat, the consumer prices saw an average increase of 0.8 percent compared with March.

“The inflation rate at the monthly level was affected primarily by an increase in prices of vegetables, clothing, fruit, pharmaceutical products, rents paid for primary residences, meat, restaurants, cafes, shoes and other footwear,” Monstat stated in a press release.

Compared with last year’s corresponding period, consumer prices were 2.9 percent higher on average in the first four months.

Across the main groups, the monthly increase in prices was recorded for healthcare, clothing and footwear, food and non-alcoholic beverages, restaurants and hotels, recreation and culture, other products and services, furnishings and routine maintenance of the house, housing, water, electricity and other fuel,

In this period, the prices decreased in the category of transport, alcoholic beverages and tobacco, and communications.

Prices of other products and services have not changed considerably.