The annual inflation rate in Macedonia increased to 2.1 percent in March of 2021, from 1.9 percent in the previous month. Consumer prices rebounded for transport (2.3 percent vs -3.9 percent in February), and increased faster for furnishings & housing equipment (1.5 percent vs 0.6 percent), recreation & culture (1.7 percent vs 1.0 percent) and housing & utilities (4.5 percent vs 4.4 percent). In addition, prices of food & non-alcoholic beverages rose at a slower pace (1.7 percent vs 2.0 percent), while cost was of communication fell 0.1 percent, the same as in February and inflation was flat for both education (0.1 percent) and restaurant & hotels (5.2 percent) On a monthly basis, consumer prices grew by 0.5 percent, following a 0.1 percent increase in the month prior. source: State Statistical Office of the Republic of Macedonia

Inflation Rate in Macedonia averaged 1.63 percent from 2006 until 2021, 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 May of 2021.

Inflation Rate in Macedonia is expected to be 1.90 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 1.30 in 12 months time. In the long-term, the Macedonia Inflation Rate is projected to trend around 2.20 percent in 2022 and 1.60 percent in 2023, according to our econometric models.

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Macedonia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.90 9.90 -2.10 2006 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-08 12:30 PM Dec 2.3% 2.2% 1.9%
2021-02-18 11:00 AM Jan 1.9% 2.3% 2.5%
2021-03-08 11:00 AM Feb 1.9% 1.9% 2.1%
2021-04-07 10:00 AM Mar 2.1% 1.9% 2%
2021-05-07 10:00 AM Apr 2.1% 2.4%
2021-06-07 10:00 AM May 2.5%
2021-07-07 10:00 AM Jun 1.9%
2021-08-09 10:00 AM Jul


News Stream
Macedonia Annual Inflation Rate Rises to 2.1% in March
The annual inflation rate in Macedonia increased to 2.1 percent in March of 2021, from 1.9 percent in the previous month. Consumer prices rebounded for transport (2.3 percent vs -3.9 percent in February), and increased faster for furnishings & housing equipment (1.5 percent vs 0.6 percent), recreation & culture (1.7 percent vs 1.0 percent) and housing & utilities (4.5 percent vs 4.4 percent). In addition, prices of food & non-alcoholic beverages rose at a slower pace (1.7 percent vs 2.0 percent), while cost was of communication fell 0.1 percent, the same as in February and inflation was flat for both education (0.1 percent) and restaurant & hotels (5.2 percent) On a monthly basis, consumer prices grew by 0.5 percent, following a 0.1 percent increase in the month prior.
2021-04-07
Macedonia Annual Inflation Rate Remains at 1.9%
The annual inflation rate in Macedonia remained at 1.9 percent in February of 2021, the same as in the previous month. Cost slowed for food & non-alcoholic beverages (2 percent vs 2.3 percent in January) and and restaurants and hotels (5.2 percent vs 6 percent) and increased at the same pace for housing & utilities (4.4 percent vs 4.4 percent). Also, transport cost recorded a softer decrease (-3.9 percent vs -6.1 percent), while deflation for clothing & footwear deepened (-1 percent vs -0.5 percent). On a monthly basis, consumer prices rose 0.1 percent, after a 0.2 percent decrease in January of 2021.
2021-03-08
Macedonia Inflation Rate at 4-Month Low
The annual inflation rate in Macedonia eased to 1.9 percent in January of 2021 from 2.3 percent in the previous month. Main upward pressure came from food & non-alcoholic beverages (2.3 percent vs 3.2 percent in December) and housing & utilities (4.4 percent vs 4.6 percent). Additionally, prices fell at a softer pace for transports (-2.1 percent vs -6.5 percent) and for clothing & footwear (-0.5 percent vs -1.1 percent). On a monthly basis, consumer prices edged down 0.2 percent, after a 0.4 percent increase in the prior month.
2021-02-18
Macedonia Inflation Rate Rises to 3-Year High
The annual inflation rate in Macedonia rose to 2.3 percent in December of 2020 from 2.2 percent in the previous month. It was the highest inflation rate since December of 2017, with main upward pressure coming from cost of food & non-alcoholic beverages (3.2 percent) and housing & utilities (4.6 percent). On the other hand, transport prices fell 6.5 percent. On a monthly basis, consumer prices went up 0.4 percent.
2021-01-08

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.