The annual producer inflation rate in North Macedonia rose to 6.5% in July 2026 from 6.2% in the previous month, marking the highest reading since March 2025. Prices increased for energy (11.3% vs 10.9% in June), intermediate goods excluding energy (5.3% vs 4.7%), capital goods (10.9% vs 10.6%), and consumer goods (3.9% vs 3.7%), particularly non-durable goods (3.9% vs. 3.7%), while price growth for durable goods moderated (3.8% vs 4.5%). By sector and division, costs increased in manufacturing (5.9% vs 5.2%), driven by notable gains in food products (1.8% vs 0.5%) and pharmaceuticals (5.1% vs 3.8%). Moreover, costs also rose for electricity, gas, steam, and air-conditioning supply (11.7% vs 11.2%), while price growth remained unchanged for water supply, sewerage, waste management, and remediation services (at 7.4%). Meanwhile, price growth slowed in mining and quarrying (16.4% vs 24.5%). On a monthly basis, producer prices were unchanged in July, following a 0.5% increase in June. source: State Statistical Office of the Republic of Macedonia

Producer Prices in Macedonia increased 6.50 percent in July of 2026 over the same month in the previous year. Producer Prices Change in Macedonia averaged 3.04 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 September of 2026.

Producer Prices in Macedonia increased 6.50 percent in July of 2026 over the same month in the previous year. Producer Prices Change in Macedonia is expected to be 6.70 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 4.80 percent in 2027 and 3.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-28 10:00 AM
PPI YoY
Jun 6.2% 6.0% 4.5%
2026-08-27 10:00 AM
PPI YoY
Jul 6.5% 6.2% 6.4%
2026-09-28 10:00 AM
PPI YoY
Aug 6.5%



Components Last Previous Unit Reference
Inflation Rate YoY 2.60 2.30 percent Aug 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 104.00 103.60 points Aug 2026
Core Consumer Prices 163.33 163.27 points Aug 2026
Core Inflation Rate 2.04 1.90 percent Aug 2026
Food Inflation 1.00 2.30 percent Aug 2026
GDP Deflator 137.22 135.01 points Jun 2026
Inflation Rate MoM 0.40 0.10 percent Aug 2026
Producer Prices 130.40 130.40 points Jul 2026
PPI YoY 6.50 6.20 percent Jul 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
6.50 6.20 20.50 -5.60 2011 - 2026 percent Monthly
2015=100

News Stream
Macedonia Producer Inflation at 17-Month High
The annual producer inflation rate in North Macedonia rose to 6.5% in July 2026 from 6.2% in the previous month, marking the highest reading since March 2025. Prices increased for energy (11.3% vs 10.9% in June), intermediate goods excluding energy (5.3% vs 4.7%), capital goods (10.9% vs 10.6%), and consumer goods (3.9% vs 3.7%), particularly non-durable goods (3.9% vs. 3.7%), while price growth for durable goods moderated (3.8% vs 4.5%). By sector and division, costs increased in manufacturing (5.9% vs 5.2%), driven by notable gains in food products (1.8% vs 0.5%) and pharmaceuticals (5.1% vs 3.8%). Moreover, costs also rose for electricity, gas, steam, and air-conditioning supply (11.7% vs 11.2%), while price growth remained unchanged for water supply, sewerage, waste management, and remediation services (at 7.4%). Meanwhile, price growth slowed in mining and quarrying (16.4% vs 24.5%). On a monthly basis, producer prices were unchanged in July, following a 0.5% increase in June.
2026-08-27
Macedonia Producer Inflation Hits Over 1-Year High
The annual producer inflation rate in North Macedonia rose to 6.2% in June 2026 from a 6.0% increase in the previous month, marking the highest level since March 2025. Price growth continued for energy (10.9% vs 10.2% in May), intermediate goods excluding energy (4.7% vs 4.5%), and consumer goods (3.7% vs 3.0%), particularly non-durable goods (3.7% vs 2.9%). Meanwhile, prices eased for capital goods (10.6% vs 11.2%). By sectors and divisions, costs edged up in manufacturing (5.2% vs 5.1%), while inflation rose for mining and quarrying (24.5% vs 23.2%), electricity, gas, steam and air conditioning supply (11.2% vs 10.7%), and water supply, sewerage, waste management and remediation services (7.4% vs 6.4%). On a monthly basis, producer prices edged up 0.5% in June, down from 1.2% in May.
2026-07-28
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