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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