The annual inflation rate in Macedonia eased to 0.3 percent in September 2019 after being steady at 0.8 percent in the previous two months. It was the lowest inflation rate since June, as prices rose less mainly for food & non-alcoholic beverages (1.1 percent vs 1.8 percent in August). In addition, cost fell for housing & utilities (-0.3 percent vs -0.2 percent); transport (-3.5 percent vs -1.7 percent); clothing & footwear (-2.5 percent vs -2.1 percent); communication (-1.8 percent vs -1.9 percent): miscellaneous goods & services (-0.1 percent vs 0.1 percent) and education (-0.3 percent vs -0.5 percent). On a monthly basis, consumer prices decreased 0.6 percent, following a 0.3 percent rise in the previous month. Inflation Rate in Macedonia averaged 1.70 percent from 2006 until 2019, 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.
Inflation Rate in Macedonia is expected to be 1.60 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 2.10 in 12 months time. In the long-term, the Macedonia Inflation Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.