The annual inflation rate in Macedonia ticked up to 3.7 percent in September of 2021 from 3.6 percent in the prior month, reaching its highest level since July of 2013. Main upward pressure came from prices of transport (15.7 percent vs 13.5 percent in August); restaurants & hotels (5.7 percent vs 4.8 percent); and recreation & culture (3.0 percent vs 2.1 percent). On the other hand, costs slowed a bit for food & non-alcoholic beverages (3.9 percent vs 4.1 percent); miscellaneous goods & services (0.8 percent vs 1.3 percent); and clothing & footwear (0.5 percent vs 1.6 percent). On a monthly basis, consumer prices were down 0.1 percent, after a 0.6 percent gain in August. source: State Statistical Office of the Republic of Macedonia

Inflation Rate in Macedonia averaged 1.69 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 October of 2021.

Inflation Rate in Macedonia is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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


Calendar GMT Actual Previous Consensus TEForecast
2021-07-07 10:00 AM Jun 2.7% 3% 2.9%
2021-08-09 10:00 AM Jul 3.4% 2.7% 2.5%
2021-09-07 10:00 AM Aug 3.6% 3.4% 4%
2021-10-07 10:00 AM Sep 3.7% 3.6% 4%
2021-11-08 11:00 AM Oct 3.7%
2021-12-07 11:00 AM Nov


News Stream
Macedonia Inflation Rate at Over 8-Year High
The annual inflation rate in Macedonia ticked up to 3.7 percent in September of 2021 from 3.6 percent in the prior month, reaching its highest level since July of 2013. Main upward pressure came from prices of transport (15.7 percent vs 13.5 percent in August); restaurants & hotels (5.7 percent vs 4.8 percent); and recreation & culture (3.0 percent vs 2.1 percent). On the other hand, costs slowed a bit for food & non-alcoholic beverages (3.9 percent vs 4.1 percent); miscellaneous goods & services (0.8 percent vs 1.3 percent); and clothing & footwear (0.5 percent vs 1.6 percent). On a monthly basis, consumer prices were down 0.1 percent, after a 0.6 percent gain in August.
2021-10-07
Macedonia Inflation Rate at Over 8-Year High
The annual inflation rate in Macedonia edged up to 3.6 percent in August of 2021 from 3.4 percent in the prior month, reaching its highest level since July of 2013. Main upward pressure came from prices of transport (13.5 percent vs 13.6 percent in July); food & non-alcoholic beverages (4.1 percent vs 2.2 percent) and restaurants & hotels (4.8 percent vs 5.6 percent). On the other hand, costs slowed a bit for housing & utilities (0.2 percent vs 0.4 percent); health (2.6 percent vs 3.5 percent) and recreation & culture (2.1 percent vs 3 percent). On a monthly basis, consumer prices were up 0.6 percent, after a 0.5 percent gain in July.
2021-09-07
Macedonia Annual Inflation Rate at 8-Year High
The annual inflation rate in Macedonia rose to 3.4 percent in July of 2021 from 2.7 percent in the previous month. It was the highest inflation rate since July 2013 as cost advanced mainly for food & non-alcoholic beverages (2.2 percent vs 1.0 percent in June); transport (13.6 percent vs 9.3 percent); and housing & utilities (4.4 percent vs 4.3 percent); and health (3.5 percent vs 3.0 percent). On the other hand, cost slowed for furnishing (0.5 percent vs 1.4 percent); restaurants & hotels (5.6 percent vs 6.3 percent); and miscellaneous goods & services (1.1 percent vs 1.6 percent). On a monthly basis, consumer prices inched up 0.5 percent, the same as in June.
2021-08-09
Macedonia Annual Inflation Rate Slows from 2013 High
The annual inflation rate in Macedonia decreased to 2.7 percent in June of 2021 from a near 8-1/2-year high of 3.0 percent in the previous month. Cost slowed slightly for food & non-alcoholic beverages (1.0 percent vs 1.89 percent in May); transportation (9.3 percent vs 9.58 percent); recreation & culture (3.2 percent vs 3.42 percent); health (3.0 percent vs 3.25 percent); and furnishings (1.4 percent vs 1.61 percent). Meantime, inflation was steady for housing & utilities (4.3 percent); and alcoholic beverages (4.0 percent). On the other hand cost accelerated for restaurants & hotels (6.3 percent vs 5.45 percent); and miscellaneous goods & services (1.6 percent vs 1.12 percent). On a monthly basis, consumer prices went up 0.5 percent, following a 0.7 percent gain in the month prior.
2021-07-07

Macedonia Last Unit Reference Previous Highest Lowest
Inflation Rate 3.70 percent Sep/21 3.60 9.90 -2.10
Consumer Price Index CPI 119.73 points Aug/21 118.96 119.73 84.91
GDP Deflator 100.90 percent Dec/20 101.10 1371.80 99.83
Food Inflation 3.90 percent Sep/21 4.10 20.40 -6.00
Core Inflation Rate 2.90 percent Sep/21 2.90 8.10 -2.20
Core Consumer Prices 118.59 points Sep/21 118.93 118.93 89.65
Inflation Rate Mom -0.10 percent Sep/21 0.60 4.10 -2.80
Producer Prices Change 14.10 percent Aug/21 14.00 20.57 -5.50
Producer Prices 120.70 points Aug/21 118.70 120.70 87.90


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.