Macedonia's producer prices fell 0.8 percent year-on-year in December of 2018, following a 0.9 percent decline in the prior month. It is the third straight decrease in producer prices, as cost went down for energy (-6.4% vs -5.6% in November) and intermediate goods (-1.7% vs -0.9%). On the other hand, prices rose for capital goods (0.7% vs -2.1%), durable consumer goods (1.6% vs 1.5%) and non-durable consumer goods (0.7% vs 0.5%). On a monthly basis, producer prices went up 0.4 percent, after edging up 0.2 percent in the prior month. Producer Prices Change in Macedonia averaged 1.10 percent from 2011 until 2018, reaching an all time high of 20.57 percent in February of 2011 and a record low of -5.50 percent in October of 2015.
Producer Prices Change in Macedonia is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Macedonia to stand at 0.80 in 12 months time. In the long-term, the Macedonia Producer Prices Change is projected to trend around 2.00 percent in 2020, according to our econometric models.