The President of the Social Democrats (SD) Parliamentary Group and representative of the European Union, Boris Mugoša, announced today that the Government is taking almost no measures to curb the significant rise in prices.
He said that annual inflation in Montenegro is the highest since May 2024.
As he pointed out, according to the latest MONSTAT data for September, inflation in Montenegro is more than twice as high as inflation in the eurozone countries.
"The annual price increase for fruit is as much as 21,9 percent, pharmaceutical products 15,4 percent, oils and fats 14 percent, water supply 24,1 percent, etc. Inflation in Montenegro is significantly higher than in EU countries (in the last five and a half years, the price of food has increased almost twice as much in our country than in the EU, pharmaceutical products 3 times, medical services 4-4,5 times, toys 15 times, etc.); annual inflation in Montenegro is higher than in 19 out of 20 EU countries that use the euro, higher than in 24 out of 27 EU countries, only one of 7 countries in the region (including Croatia and Slovenia) has recorded a higher annual price growth rate; data show that inflation is not only imported, but that it is largely a consequence of ill-considered fiscal measures and the structural vulnerability of the Montenegrin economy," Mugoša stated on the Iks website.
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