The average earnings (gross) in Montenegro in August 2012 are 716 Euro, while the average earnings without taxes and contributions (net) are 480 Euro. In comparison with July 2012, the average earnings without taxes and contributions (net) in August 2012 stayed on same level.The average earnings without taxes and contributions (net) in August 2012 compared to August 2011 increased 1.1 %, while they decreased 0.8 %

compared to the average monthly earnings without taxes and contributions (net) in 2011. Having in mind that consumer prices in August 2012 comparing to July 2012 increased 0.4%, the results is that real earnings without taxes and contributions (net) in the same period decreased 0.4 %.