The average annual inflation measured by the harmonized index of consumer prices, which measures inflation in the European Union on a comparable basis, in the period January 2014 – December 2014 in Montenegro was -0.5%, while in the European Union during the same period was 0.5% and in the euro area was 0.4%.

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. According to these defined conditions Montenegrin inflation, measured by the HICP in the period January 2014 – December 2014, in average was lower for -0,8% from level of the Maastricht criteria of price convergence1. The highest differences in observed period between the Montenegrin inflation and Maastricht criteria of price stability was recorded in August 2014, while the lowestt difference was recorded in January and February 2014.
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