Montenegro’s annual inflation rate rose to 4.5% in August 2026 from 3.8% in July, reaching its highest level since October 2025. Price growth accelerated in transport, restaurants and accommodation services, information and communication, recreation, sport and culture, and miscellaneous goods and services. Inflation eased across food and non-alcoholic beverages, alcoholic beverages and tobacco, clothing and footwear, housing and utilities, furnishings, household equipment and routine maintenance, and health. Consumer prices increased 1.2% month on month, compared with 0.8% in July, while annual harmonized inflation climbed to 4.6% from 3.9%.