The annual producer inflation rate in North Macedonia eased to 6.9% in September 2026 from 7.1% in the previous month. Price growth slowed for energy (9.5% vs. 10.2% in August), intermediate goods excluding energy (5.5% vs. 6.2%), and consumer goods (3.5% vs. 4.0%), particularly non-durable goods (3.5% vs 4.0%). In contrast, capital goods inflation rose to 12.9% from 11.9%. By sector, price growth moderated in manufacturing (6.1% vs. 6.3%), with slower increases recorded for food, tobacco products, paper and paper products, and electrical equipment. Costs also eased in water supply and waste management (2.4% vs. 7.4%) and electricity and gas supply (10.4% vs. 10.5%). Conversely, inflation in mining and quarrying accelerated to 24.3% from 21.7%. On a monthly basis, producer prices grew by 0.3% in September, down from 0.4% in August. source: State Statistical Office of the Republic of Macedonia

Producer Prices in Macedonia increased 6.90 percent in September of 2026 over the same month in the previous year. Producer Prices Change in Macedonia averaged 3.08 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 October of 2026.

Producer Prices in Macedonia increased 6.90 percent in September of 2026 over the same month in the previous year. Producer Prices Change in Macedonia is expected to be 7.50 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
2026-09-28 10:00 AM
PPI YoY
Aug 7.1% 6.5% 6.7%
2026-10-28 11:00 AM
PPI YoY
Sep 6.9% 7.1% 7.4%
2026-11-30 11:00 AM
PPI YoY
Oct 6.9%



Components Last Previous Unit Reference
Inflation Rate YoY 2.70 2.60 percent Sep 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 104.00 104.00 points Sep 2026
Core Consumer Prices 162.52 163.33 points Sep 2026
Core Inflation Rate 1.58 2.04 percent Sep 2026
Food Inflation 1.70 1.00 percent Sep 2026
GDP Deflator 137.22 135.01 points Jun 2026
Inflation Rate MoM 0.00 0.40 percent Sep 2026
Producer Prices 131.30 130.80 points Sep 2026
PPI YoY 6.90 7.10 percent Sep 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
6.90 7.10 20.50 -5.60 2011 - 2026 percent Monthly
2015=100

News Stream
Macedonia Producer Inflation Eases in September
The annual producer inflation rate in North Macedonia eased to 6.9% in September 2026 from 7.1% in the previous month. Price growth slowed for energy (9.5% vs. 10.2% in August), intermediate goods excluding energy (5.5% vs. 6.2%), and consumer goods (3.5% vs. 4.0%), particularly non-durable goods (3.5% vs 4.0%). In contrast, capital goods inflation rose to 12.9% from 11.9%. By sector, price growth moderated in manufacturing (6.1% vs. 6.3%), with slower increases recorded for food, tobacco products, paper and paper products, and electrical equipment. Costs also eased in water supply and waste management (2.4% vs. 7.4%) and electricity and gas supply (10.4% vs. 10.5%). Conversely, inflation in mining and quarrying accelerated to 24.3% from 21.7%. On a monthly basis, producer prices grew by 0.3% in September, down from 0.4% in August.
2026-10-28
Macedonia Producer Inflation Hits 1½-Year High
The annual producer inflation rate in North Macedonia rose to 7.1% in August 2026 from 6.5% in the previous month, reaching its highest level since February 2025. Price growth accelerated for intermediate goods excluding energy (6.2% vs 5.3% in July), capital goods (11.9% vs 10.9%), and consumer goods (4.0% vs 3.9%), both durable (4.4% vs 3.8%) and non-durable (4.0% vs 3.9%). Conversely, energy prices eased (10.2% vs 11.3%). By sector and division, costs rose for manufacturing (6.3% vs 5.9%), particularly for food products, textiles, paper and paper products, basic pharmaceutical products and preparations, and machinery and equipment. Costs also climbed in mining and quarrying (21.7% vs 16.4%). Meanwhile, inflation moderated in electricity, gas, steam and air conditioning supply (10.5% vs 11.7%), while it held steady in water supply, sewerage, waste management, and remediation services at 7.4%. On a monthly basis, producer prices edged up 0.4% in August after remaining flat in July.
2026-09-28
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