Montenegro — Inflation
Inflation, Consumer Prices (Annual %) for Montenegro, 2006–2025.
Inflation for Montenegro was 3.90% in 2025, according to the latest World Bank data. The series covers 20 years, from 2006 to 2025. The highest recorded value was 13.04% in 2022. The lowest was -0.71% in 2014 (about -5.5× the low point). Across that span the compound annual growth rate works out to 1.53% per year.
Montenegro ranks 64 of 187 economies on this measure (1 = highest), putting it in the top 34%. The median for Europe & Central Asia is 3.75%, so Montenegro sits above it. It peaked in 2022 and has fallen 70% since. Over the last decade (2015–2025) the figure moved up 152%. Within Europe & Central Asia it ranks 18 of 49 economies; Serbia (3.89%) is just below it. Its sharpest one-year move was up 1043% in 2021. That is 14% above this series' own ten-year average.
Data highlights
From its 2006 level: doubled by 2008. Doubling roughly every 46 years at that pace.
World ranking. Climbed: 122nd of 180 in 2006 → 174th of 186 in 2010 → 152nd of 178 in 2020 → 55th of 169 in 2025.
Key figures
Full history — 2006 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 3.9% | +0.6 pp |
| 2024 | 3.34% | -5.2 pp |
| 2023 | 8.58% | -4.5 pp |
| 2022 | 13.04% | +10.6 pp |
| 2021 | 2.41% | +2.7 pp |
| 2020 | -0.26% | -0.6 pp |
| 2019 | 0.36% | -2.2 pp |
| 2018 | 2.61% | +0.2 pp |
| 2017 | 2.38% | +2.7 pp |
| 2016 | -0.27% | -1.8 pp |
| 2015 | 1.55% | +2.3 pp |
| 2014 | -0.71% | -2.9 pp |
| 2013 | 2.21% | -1.9 pp |
| 2012 | 4.15% | +0.7 pp |
| 2011 | 3.45% | +2.8 pp |
| 2010 | 0.65% | -2.8 pp |
| 2009 | 3.47% | -5.3 pp |
| 2008 | 8.76% | +4.4 pp |
| 2007 | 4.35% | +1.4 pp |
| 2006 | 2.92% | — |
Frequently asked questions
What was Montenegro’s Inflation in 2007?
4.35% (2007). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Montenegro’s Inflation growing or shrinking?
Between 2006 and 2025 the series was growing overall: +33.3% in total — about 1.5% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 3.9%; 2024: 3.34%; 2023: 8.58%; 2022: 13.04%; 2021: 2.41%. Earlier years are in the full-history table below.
Related data
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.