Podgorica, (MINA-BUSINESS) – According to Monstat, consumer prices, as measured by the consumer price index, were on average 5.9 percent higher in October than in the same month last year.

Compared with September, consumer prices were on average 0.5 percent higher in October.

“The largest contribution to the monthly inflation rate came from higher prices in the groups of fuels and lubricants for personal transport equipment, clothing, vegetables, tubers and legumes, footwear, solid fuels, household cleaning and maintenance products, hairdressing and beauty services, milk, other dairy products and eggs,” the Statistical Office said in a press release.

In the January-October period, consumer prices were on average 3.9 percent higher than in the same period last year.

By the main groups of products and services classified according to purpose of consumption, October saw price increases compared with the previous month of 3.9 percent in clothing and footwear, 1.4 percent in furnishings and routine household maintenance, 1.3 percent each in transport, personal care, social protection, and miscellaneous goods and services, 0.6 percent in housing, water, electricity, gas and other fuels, 0.3% in food and non-alcoholic beverages, and 0.2 percent in education.

Price decreases were recorded in restaurants and accommodation services, by 3.6 percent, recreation, sport and culture, by 0.3 percent, and alcoholic beverages and tobacco, by 0.2 percent.

Prices of other products and services remained broadly unchanged.