The annual producer inflation rate in North Macedonia rose by 4.7% in May 2026, easing from a ten-month high of 5.1% in the previous month. Price growth slowed intermediate goods except energy (1.8% vs 2.3% in April), while costs declined for capital goods (-0.8% vs 11.1%). On the other hand, prices increased for energy (10.2% vs 10.1%) and consumer goods (4.7% vs 3.1%). By sectors and divisions, costs moderated for manufacturing (3.4% vs 4.4%), weighed down by lower costs for beverages (2.7% vs 3.7%), wearing apparel (3.8% vs 6.6%), and leather and leather products (3.7% vs 5.6%). Additionally, inflation eased for mining and quarrying (5.6% vs 14.9%). Meanwhile, growth remained unchanged for water collection, treatment, and supply (at 6.4%), while costs increased for electricity, gas, steam, and air-conditioning supply (10.7% vs 10.5%). On a monthly basis, producer prices grew 1.0% in May, following a 0.6% gain in the preceding period. source: State Statistical Office of the Republic of Macedonia

Producer Prices in Macedonia increased 4.70 percent in May of 2026 over the same month in the previous year. Producer Prices Change in Macedonia averaged 3.00 percent from 2011 until 2026, reaching an all time high of 20.50 percent in February of 2011 and a record low of -5.60 percent in November of 2015. This page provides the latest reported value for - Macedonia Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. North Macedonia Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.

Producer Prices in Macedonia increased 4.70 percent in May of 2026 over the same month in the previous year. Producer Prices Change in Macedonia is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the North Macedonia Producer Prices Change is projected to trend around 3.40 percent in 2027 and 3.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-05-28 10:00 AM
PPI YoY
Apr 5.1% 4.4% 5.8%
2026-06-29 10:00 AM
PPI YoY
May 4.7% 5.1% 6.0%
2026-07-28 10:00 AM
PPI YoY
Jun 4.7% 4.5%



Components Last Previous Unit Reference
Inflation Rate YoY 3.40 4.80 percent Jun 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 103.58 104.10 points Jun 2026
Core Consumer Prices 162.42 162.58 points Jun 2026
Core Inflation Rate 2.80 4.00 percent Jun 2026
Food Inflation 2.50 4.70 percent Jun 2026
GDP Deflator 135.30 135.50 points Mar 2026
Inflation Rate MoM -0.50 0.60 percent Jun 2026
Producer Prices 125.30 128.20 points May 2026
PPI YoY 4.70 5.10 percent May 2026


North Macedonia Producer Prices Change
In Macedonia, the industrial producer price indices measure the changes of the industrial producer price levels of the industrial products/services produced in the country and sold on the domestic market and the non-domestic market. The sample of 2010 (as base year) for the industrial producer price indices covers 394 enterprises with 1274 industrial products/services.
Actual Previous Highest Lowest Dates Unit Frequency
4.70 5.10 20.50 -5.60 2011 - 2026 percent Monthly
2015=100

News Stream
Macedonia Producer Inflation Eases in May
The annual producer inflation rate in North Macedonia rose by 4.7% in May 2026, easing from a ten-month high of 5.1% in the previous month. Price growth slowed intermediate goods except energy (1.8% vs 2.3% in April), while costs declined for capital goods (-0.8% vs 11.1%). On the other hand, prices increased for energy (10.2% vs 10.1%) and consumer goods (4.7% vs 3.1%). By sectors and divisions, costs moderated for manufacturing (3.4% vs 4.4%), weighed down by lower costs for beverages (2.7% vs 3.7%), wearing apparel (3.8% vs 6.6%), and leather and leather products (3.7% vs 5.6%). Additionally, inflation eased for mining and quarrying (5.6% vs 14.9%). Meanwhile, growth remained unchanged for water collection, treatment, and supply (at 6.4%), while costs increased for electricity, gas, steam, and air-conditioning supply (10.7% vs 10.5%). On a monthly basis, producer prices grew 1.0% in May, following a 0.6% gain in the preceding period.
2026-06-29
Macedonia Producer Inflation at 10-Month High
The annual producer inflation rate in North Macedonia rose by 5.1% in April 2026 from 4.4% in the previous month, reaching its highest level since June 2025. Producer prices continued to rise for capital goods (11.1% vs 7.8% in March), consumer goods (3.1% vs 2.5%), and non-durable goods (3% vs 2.3%). Meanwhile, inflation eased slightly for energy (10.1% vs 10.3%) and durable goods (5.2% vs 5.9%). By sectors and divisions, manufacturing prices increased further (4.4% vs 3.6%), driven mainly by higher prices for wearing apparel, leather and related products, chemicals and chemical products, computer, electronic and optical products, and machinery and equipment. In contrast, price growth slowed in mining and quarrying (14.9% vs 15.7%) and electricity, gas, steam and air-conditioning supply (10.5% vs 10.7%), while it remained unchanged for water collection, treatment and supply at 6.4%. On a monthly basis, producer prices edged up 0.6% in April, following a 0.5% increase in March.
2026-05-28
Macedonia Producer Inflation at 6-Month High
The annual producer inflation rate in North Macedonia rose to 4.4% in March 2026 from 4.2% in the previous month, marking the highest level since September 2025. Producer prices increased further for intermediate goods excluding energy (2.9% vs 2.2% in February), consumer goods (2.5% vs 2.1%), durable goods (5.9% vs 3.8%), and non-durable goods (2.3% vs 2%). Meanwhile, inflation eased slightly for energy (10.3% vs 10.4%) and capital goods (7.8% vs 8.5%). By sections and divisions, prices also increased for manufacturing (3.6% vs 3.3%), particularly for tobacco products, machinery and equipment, and motor vehicles, trailers and semi-trailers, as well as for the water supply sector (6.4% vs 5.4%). At the same time, prices continued to increase, albeit at a softer pace, in mining and quarrying (15.7% vs 17.4%) and electricity, gas, steam and air conditioning supply (10.7% vs 11%). On a monthly basis, producer prices edged down to 0.5% in March from 1% in the preceding period.
2026-04-28