The annual producer inflation in North Macedonia eased to 3.8% in January 2026 from 4.1% in the previous month. This marked the lowest level since September 2024, mainly due to softer price growth for intermediate goods, except energy (2.3% vs 2.5% in December) and capital goods (7.5% vs 10.4%). Meanwhile, prices rose at a faster pace for energy (9.6% vs 7.6%) and consumer goods (1.7% vs 1.2%). Under consumer goods, prices of durable goods rebounded (1.0% vs -2.7%), while costs of non-durable goods increased (1.8% vs 1.5%). On a monthly basis, consumer prices rose by 1.0%, following a 0.5% increase in December. source: State Statistical Office of the Republic of Macedonia

Producer Prices in Macedonia increased 3.80 percent in January of 2026 over the same month in the previous year. Producer Prices Change in Macedonia averaged 2.96 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 March of 2026.

Producer Prices in Macedonia increased 3.80 percent in January of 2026 over the same month in the previous year. Producer Prices Change in Macedonia is expected to be 3.00 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 2.10 percent in 2027 and 2.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-10 11:00 AM
PPI YoY
Dec 4.1% 3.9% 3.8%
2026-02-27 11:00 AM
PPI YoY
Jan 3.8% 4.1% 3.5%
2026-03-30 10:00 AM
PPI YoY
Feb 3.8% 3.2%

Components Last Previous Unit Reference
Inflation Rate YoY 2.90 3.20 percent Feb 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 101.38 101.23 points Feb 2026
Core Consumer Prices 159.15 159.22 points Feb 2026
Core Inflation Rate 2.73 3.03 percent Feb 2026
Food Inflation 3.91 5.18 percent Feb 2026
GDP Deflator 136.14 135.08 points Dec 2025
Inflation Rate MoM 0.20 -0.70 percent Feb 2026
Producer Prices 125.60 124.30 points Jan 2026
PPI YoY 3.80 4.10 percent Jan 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
3.80 4.10 20.50 -5.60 2011 - 2026 percent Monthly
2015=100

News Stream
Macedonia Producer Inflation Cools to 16-Month Low
The annual producer inflation in North Macedonia eased to 3.8% in January 2026 from 4.1% in the previous month. This marked the lowest level since September 2024, mainly due to softer price growth for intermediate goods, except energy (2.3% vs 2.5% in December) and capital goods (7.5% vs 10.4%). Meanwhile, prices rose at a faster pace for energy (9.6% vs 7.6%) and consumer goods (1.7% vs 1.2%). Under consumer goods, prices of durable goods rebounded (1.0% vs -2.7%), while costs of non-durable goods increased (1.8% vs 1.5%). On a monthly basis, consumer prices rose by 1.0%, following a 0.5% increase in December.
2026-02-27
Macedonia Producer Inflation Picks Up in December
The annual producer inflation in North Macedonia rose by 4.1% in December 2025 from a fourteen-month low of 3.9% in the previous month. Prices increased at a faster pace for energy (7.6% vs 6.9% in November), intermediate goods (2.4% vs 2.2%), capital goods (10.3% vs 8.2%). On the other hand, producer inflation slowed for consumer goods (1.2% vs 2.4%) and non-perishable goods (1.5% vs 2.6%), while costs declined for durable goods (-2.6% vs 0.3%). On a month-on-month basis, producer prices increased by 0.5% in December, following a 0.4% gain in the preceding period.
2026-02-10
Macedonia Producer Inflation Falls to 14-Month Low
The annual producer inflation in North Macedonia slowed to 3.9% in November 2025 from 4.1% in the previous month. This marks the lowest level since September 2024, as price growth mainly eased for energy (6.1% vs 6.9% in October), and intermediate products except energy (1.9% vs 2.1%). Cost pressures also softened for capital goods, with inflation edging down to 8.0% from 8.2%, while prices for durable goods shifted into decline, falling 2.0% after rising 0.3% previously. In contrast, producer inflation accelerated for consumer products (3.4% vs 2.4%), and for non-perishable goods (3.8% vs 2.6%). On a month-on-month basis, producer prices increased by 0.5% in November, following a 0.3% rise in the prior period. Over the January-to-November period, producer inflation averaged 5.4%.
2026-01-12