Macedonia’s producer prices rose 2.3 percent over a year earlier in July 2019, following a 1.4 percent gain in the previous month. It was the highest producer inflation rate since February last year, as prices advanced further for energy (1.7 percent compared to 0.9 percent in June); durable (1.5 percent compared to 1.2 percent) and non-durable consumer goods (2 percent compared to 1.6 percent). Also, cost of intermediate goods rebounded (1.4 percent compared to -0.9 percent). On the other hand, prices of capital goods slowed (6.1 percent compared to 8 percent). On a monthly basis, consumer prices increased 0.4 percent. Producer Prices Change in Macedonia averaged 1.09 percent from 2011 until 2019, reaching an all time high of 20.57 percent in February of 2011 and a record low of -5.50 percent in October of 2015.
Producer Prices Change in Macedonia is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Macedonia to stand at 1.60 in 12 months time. In the long-term, the Macedonia Producer Prices Change is projected to trend around 2.00 percent in 2020, according to our econometric models.