New data from Monstat shows that inflation in Montenegro is rapidly rising, while real wages are steadily falling, the European Progress Party (SEP) reported, warning that the lack of economic policy and government control is leading to widespread poverty.
Citizens face daily price increases on basic goods such as milk, dish detergent, toilet paper, bananas, yogurt, and tomatoes, which are becoming increasingly unaffordable. The annual inflation rate in May reached 4.5%, the highest in a year.
Prices for meat increased by 4.6%, fruit by 19.1%, oils and fats by 14.9%, water by 24.1%, medicines by 15%, rent by 20%, and restaurant services by 11.9%. Meanwhile, average nominal wages have remained mostly flat or slightly increased, but real wages have decreased for four consecutive months due to inflation, eroding purchasing power.
SEP criticized government excuses blaming global trends, emphasizing that price hikes are domestic and affect all essential sectors, from food and housing to medicines and services. They warn that inflation is expected to continue rising in the coming months, driven by increased prices for bread, fuel, and hospitality services.
The party calls on authorities to take immediate and effective measures to halt price increases on basic goods and restore dignity and security to citizens. They argue that if the government lacks the will or ability to protect people from poverty, it should admit so and step down.
SEP concludes that Montenegro is facing economic and social decline, with institutions failing to act while citizens suffer daily hardships. They stress the urgent need for responsibility and action to prevent further deterioration.
