Inflation in Montenegro is accelerating, with an average increase of nearly four percent over the past year, according to Monstat data. The main causes are increased demand during the tourist season and traders’ attempts to increase profits, leading to significant price rises in services, food, and beverages, especially fruit, which has become a luxury for many citizens. Economic analysts warn of a possible price spiral in autumn, which would further increase inflation. The highest price increases are seen in healthcare services, medicines, restaurants, cafes, rents, water, alcohol, and tobacco. Coffee prices have risen by about 30%, while fuel is the only item that has decreased in price. The government has tried to control inflation through limited price actions, but the effects are unclear. Experts emphasize that the stability of energy sources, such as electricity, will be crucial for further inflation development.
Political Perspectives:
Left: Left-leaning reports emphasize the impact of inflation on ordinary citizens, highlighting how essential goods like fruit have become luxuries. They focus on the social consequences of rising prices and criticize market profiteering during the tourist season. They may call for stronger government intervention to protect consumers.
Center: Center-leaning coverage presents a balanced view, acknowledging the economic factors such as increased demand during the tourist season and supply challenges. They report on government efforts to control inflation through price limits and discuss expert warnings about future inflation trends without strong political bias.
Right: Right-leaning narratives might emphasize the role of market forces and traders’ attempts to increase profits. They may highlight the need for economic liberalization and caution against excessive government intervention. They could also focus on the challenges of energy prices and the importance of stable energy supply for economic stability.
