The fall of the euro will affect the growth of inflation, but it is difficult to estimate to what extent, the Central Bank of Montenegro (CBCG) says in a statement to CdM.
CBCG is clear – the fall of the euro will affect the price increase of products that are paid for in other currencies, primarily in dollars.
“These are predominantly oil derivatives and energy products, and the transport costs associated with them. By the way, imports in other currencies represent 8.4% of Montenegrin imports”, CBCG states.
It also adds that it should be borne in mind that the prices of these products in the previous period were largely influenced by certain geopolitical events, which may continue, regardless of the exchange rate.
