Đurović: A great victory for the Government and the economy over inflation

"Together we said 'Stop inflation'. We continue to strengthen the standard of the citizens of Montenegro", said the minister

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Photo: Luka Zeković
Photo: Luka Zeković
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The prices of personal consumption products and services, measured by the consumer price index, in April were higher by 0,2 percent compared to March, while consumer prices in April, compared to the same month last year, were on average higher by 8,6 percent. Monstat announced.

The biggest impact on the monthly inflation rate was the increase in prices in the following groups: clothing; vegetables; shoes and other footwear; meat; actual rents paid by tenants for primary residence; accommodation services; air transport of passengers; fruits.

Consumer prices in the period January-April 2023, compared to the same period of the previous year, are on average higher by 12,5 percent.

"Looking at the main groups of products and services according to the purpose of consumption, in April 2023 compared to the previous month, growth was recorded in the following groups: Clothing and footwear (4,2%); Recreation and culture (0,8%); Restaurants and hotels (0,7%); Food and non-alcoholic beverages (0,4%), while the drop in prices was recorded in the following groups: Health (-1,7%); Furniture, household equipment and routine apartment maintenance (-1,3, 0,9%); Transportation (-0,9%); Other goods and services (-0,4%); Housing, water, electricity, gas and other fuels (-0,1%); Communications (-0,1% ); Alcoholic beverages and tobacco (-XNUMX%)", it was announced from Monstat.

According to them, the prices of other products and services did not change significantly.

The Minister of Economic Development and Tourism Goran Đurović said that the Government and the Montenegrin economy won a "great victory" over inflation.

"Together we said 'Stop inflation'. We continue to strengthen the standard of the citizens of Montenegro," Đurović wrote on Twitter.

He reminded that annual inflation, according to Monstat data, was 16,2 percent in January, 15,1 percent in February, and 10,5 percent in March.

In March, the Ministry of Economic Development and Tourism launched the campaign "Stop Inflation", which limited the prices of basic foodstuffs in all retail chains. The action was then joined by pharmacies, telecommunication operators, as well as other business entities.

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