Harmonized Index of Consumer Prices: Food and Non-Alcoholic Beverages for Montenegro
CP01MI15MEM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
160.27
Year-over-Year Change
5.47%
Date Range
12/1/2014 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices: Food and Non-Alcoholic Beverages for Montenegro measures changes in the prices of food and non-alcoholic beverages consumed by households in Montenegro. This metric is important for economists and policymakers to understand inflation trends and the cost of living.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across European Union countries. The food and non-alcoholic beverages component tracks the prices of essential household purchases, providing insights into the affordability of basic necessities.
Methodology
The Montenegrin statistical agency collects price data from a sample of retail outlets to calculate this monthly index.
Historical Context
Central banks and finance ministries closely monitor HICP data to inform monetary and fiscal policies.
Key Facts
- The HICP food and non-alcoholic beverages index is a sub-component of the overall HICP for Montenegro.
- This index has been published monthly since January 2015.
- The base year for the index is 2015 = 100.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Food and Non-Alcoholic Beverages for Montenegro measures changes in the prices of food and non-alcoholic beverage products purchased by households in the country.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into the cost of living and inflationary pressures facing Montenegrin consumers, which is crucial information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The Montenegrin statistical agency collects price data from a sample of retail outlets to calculate this monthly index.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries closely monitor HICP data to inform monetary and fiscal policies aimed at maintaining price stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The HICP food and non-alcoholic beverages index for Montenegro is published on a monthly basis with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Food and Non-Alcoholic Beverages for Montenegro (CP01MI15MEM086NEST), retrieved from FRED.