Cost of food in Macedonia increased 0.60 percent in December of 2018 over the same month in the previous year. Food Inflation in Macedonia averaged 1.75 percent from 2003 until 2018, reaching an all time high of 20.40 percent in April of 2008 and a record low of -6 percent in January of 2005.
Food Inflation in Macedonia is expected to be 1.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Macedonia to stand at 1.60 in 12 months time. In the long-term, the Macedonia Food Inflation is projected to trend around 1.80 percent in 2020, according to our econometric models.