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Montenegro’s Grocery Retail Market Boosted By Increased Investment

Published on Mar 27 2018 8:00 AM in Retail tagged: Trending Posts / Montenegro / Idea / Voli / Mercator CG / Paywall

Montenegro’s Grocery Retail Market Boosted By Increased Investment

Grocery retail sales in Montenegro grew by 3.3% in 2017, with a 1.3% inflation rate, according to preliminary figures published by the country’s statistical office Montstat.

The Balkan country, which has slightly more than 600,000 inhabitants, has seen grocery prices increase by around 2% since the start of this year, due to the introduction of a new VAT rate.

However, growth is also being driven by increased investment from major retail companies, with five players dominating the grocery market in Montenegro.

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