Monstat: Average salary in Montenegro reached €1,040 in August — but real wages fell by 0.9%

The average net salary in Montenegro reached €1,040 in August, while the average gross salary was €1,242, the Statistical Office (Monstat) announced, as Vijesti reports. Compared with July, the average net salary rose by 0.3%, while compared with August last year it is 2.5% higher.

However, the increase was wiped out by inflation: consumer prices rose by 1.2% in August compared with July, which means real wages fell by 0.9% over the same period, Monstat’s announcement stresses.

By sector of activity, the largest monthly increases were recorded in other services (2.1%), real estate (1.0%), state administration and defence (0.9%), water supply and waste management (0.8%), supply of electricity, gas and air conditioning (0.5%), education (0.5%), financial and insurance activities (0.4%), manufacturing (0.3%), trade (0.3%), transport (0.3%), accommodation and food services (0.3%) and health and social protection (0.2%).

A monthly decline was recorded in artistic, entertainment and recreational activities (2.2%), agriculture, forestry and fishing (0.9%), information and communication (0.9%), administrative services (0.9%), construction (0.6%), professional, scientific and technical activities (0.5%), and mining and quarrying (0.3%).