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2 clusters · 9 sources · 2 days · First seen · Last updated

Montenegro economic indicators and cost of living

Overview

Economic indicators in Montenegro show a trend of rising costs impacting purchasing power. In August, the average net salary rose to 1,040 euros, a 2.5 percent increase compared to the previous year. However, real wages fell by 0.9 percent as a 1.2 percent rise in consumer prices outpaced wage growth.

By the following quarter, the trade union consumer basket for a four-member family reached 2,170 euros, marking a 2.84 percent increase from the previous quarter. This rise was driven by significant increases in education and culture costs, as well as higher housing and utility expenses. Economic advisors have noted that while income increases are being proposed, pensioners remain vulnerable as they are largely excluded from these measures, receiving only a scheduled one-time assistance payment.

Entities

Republički zavod za statistiku · Union of Free Trade Unions of Montenegro · Serbia · Marko Subotić · Monstat

Timeline

  1. [BUSINESS] 2 sources
    Montenegro consumer basket rises to 2,170 euros

    Montenegro's trade union consumer basket for a four-member family has risen to 2,170 euros, driven by increases in utility, education, and household maintenance costs.

  2. [BUSINESS] 7 sources
    Montenegro average net salary reaches 1,040 euros in August

    Montenegro's average net salary rose to 1,040 euros in August, but real wages fell by 0.9 percent as rising consumer prices outpaced nominal pay increases.

Sources

aktuelno.me · crnagoravijesti.me · dan.co.me · etv.me · eventbrite.co.uk · investitor.me · poslovni.hr · vijesti.me · vojvodjanskireporter.rs