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.