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.