Consumer prices in Macedonia increased 0.7 percent year-on-year in February of 2020, following a 0.6 percent rise in the previous month. It was the highest inflation rate since August, as housing & utilities cost rebounded (0.3 percent vs -0.3 percent in January) while furniture & household equipment prices advanced faster (1.0 percent vs 0.7 percent). Additionally, clothing & footwear cost dropped at a softer pace (-1.6 percent vs -2.1 percent). On the other hand, food & non-alcoholic beverages inflation was steady (at 0.4 percent) while transport cost slowed (1.5 percent vs 3.3 percent). On a monthly basis, consumer prices rose 0.1 percent, the same as in the prior month.

Inflation Rate in Macedonia averaged 1.64 percent from 2006 until 2020, reaching an all time high of 9.90 percent in June of 2008 and a record low of -2.10 percent in December of 2009. This page provides the latest reported value for - Macedonia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Macedonia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2020.

Inflation Rate in Macedonia is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Macedonia to stand at 2.20 in 12 months time. In the long-term, the Macedonia Inflation Rate is projected to trend around 2.20 percent in 2021 and 2.40 percent in 2022, according to our econometric models.

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Macedonia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.60 9.90 -2.10 2006 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-12-10 11:00 AM Nov -0.1% -0.2% -0.1%
2020-01-08 12:30 PM Dec 0.4% -0.1% 0.1%
2020-02-14 11:00 AM Jan 0.6% 0.4% 0.5%
2020-03-09 11:00 AM Feb 0.7% 0.6% 0.7%
2020-04-07 10:00 AM Mar 0.7% 1%
2020-05-07 10:00 AM Apr
2020-06-08 10:00 AM May
2020-07-07 10:00 AM Jun 1.5%


News Stream
Macedonia February Inflation Rate at 6-Month High
Consumer prices in Macedonia increased 0.7 percent year-on-year in February of 2020, following a 0.6 percent rise in the previous month. It was the highest inflation rate since August, as housing & utilities cost rebounded (0.3 percent vs -0.3 percent in January) while furniture & household equipment prices advanced faster (1.0 percent vs 0.7 percent). Additionally, clothing & footwear cost dropped at a softer pace (-1.6 percent vs -2.1 percent). On the other hand, food & non-alcoholic beverages inflation was steady (at 0.4 percent) while transport cost slowed (1.5 percent vs 3.3 percent). On a monthly basis, consumer prices rose 0.1 percent, the same as in the prior month.
2020-03-09
Macedonia January Inflation Rate at 5-Month High
Consumer prices in Macedonia increased 0.6 percent year-on-year in January of 2020, following a 0.4 percent rise in the previous month. It was the highest inflation rate since August, as prices advanced faster for transport (3.3 percent vs 0.6 percent in December) and furniture & household equipment (0.7 percent vs 0.2 percent) while restaurants & hotels cost rebounded (1.0 percent vs -0.2 percent). On the other hand, food & non-alcoholic beverages prices slowed (0.4 percent vs 0.9 percent) while cost dropped for housing & utilities (-0.3 percent, the same as in December) and clothing & footwear (-2.1 percent vs -2.8 percent). On a monthly basis, consumer prices rose 0.1 percent, following a 0.3 percent gain in the prior month.
2020-02-14
Macedonia Inflation Rate at 4-Month High in December
Consumer prices in Macedonia increased 0.4 percent year-on-year in December of 2019, after a 0.1 percent fall in November. It is the highest inflation rate since August, as transport cost rebounded (0.6 percent vs -6.8 percent in November). On the other hand, prices slowed for food & non-alcoholic beverages (0.9 percent vs 1.1 percent) and furniture & household equipment (0.2 percent vs 1.1 percent) while cost fell for housing & utilities (-0.3 percent vs -0.1 percent); clothing & footwear (-2.8 percent vs -2.5 percent) and restaurant & hotels (-0.2 percent vs a flat reading). On a monthly basis, consumer prices rose 0.1 percent, rebounding from a 0.1 percent drop in the prior month.
2020-01-08
Macedonia Deflation Eases to 0.1% in November
Consumer prices in Macedonia dropped 0.1 percent year-on-year in November 2019, following a 0.2 percent fall in the previous month. Prices went down less for transport (-6.8 percent from -7.1 percent in October); and clothing & footwear (-2.5 percent from -3.1 percent). Additionally, prices continued to fall for housing & utilities (-0.1 percent, the same as in October); communication (-1.8 percent) and education (-0.3 percent). Also, cost of food & non-alcoholic beverages rose further (1.1 percent from 0.9 percent). On the other hand, prices eased for furniture & household equipment (1.1 percent from 1.6 percent); health (1.5 percent from 2.6 percent); and alcoholic beverages & tobacco (at 5.1 percent). In addition, prices of restaurant & hotels were unchanged, after rising 0.1 percent in October. On a monthly basis, consumer prices decreased 0.1 percent, the same as in the prior month.
2019-12-10

Macedonia Inflation Rate
In Macedonia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (40.9 percent of total weight). Housing and Utilities accounts for 13.8 percent; Transport for 7.9 percent; Clothing and Footwear for 7 percent; Restaurants and Hotels for 5.5 percent and Furniture, Household Goods and Maintenance for 5.4 percent. Miscellaneous Goods and Services; Alcoholic beverages and Tobacco ; Health; Communication; Recreation and Culture and Education account for the remaining 19.5 percent of total weight.