The average rate of inflation measured by the harmonized index of consumer prices which measures inflation in the European Union on a comparable basis, in the period July 2012 - June 2013 in Montenegro was 3.8%, while in the European Union during the same period was 2.2% and in the euro area was 2.0%.
 
According to the first Maastricht convergence criteria which represents price stability, the average inflation rate of the country concerned should be no more than 1.5 percentage points above the rate for the three EU countries with the lowest HICP inflation over the previous year. Under such defined conditions Montenegrin inflation, measured by the HICP in the period July 2012 - June 2013, in average was higher by 1.7% than the Maastricht criteria of price convergence . The highest difference in observed period between the Montenegrin inflation and Maastricht criteria of price stability was recorded in July 2012, while the lowestt difference was recorded in June 2013 when the Montenegrin inflation coincided with the Maastricht criteria of price stability.
 

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