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%. source: State Statistical Office of the Republic of Macedonia

Producer Prices in Macedonia increased 3.90 percent in November of 2025 over the same month in the previous year. Producer Prices Change in Macedonia averaged 2.95 percent from 2011 until 2025, 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 February of 2026.

Producer Prices in Macedonia increased 3.90 percent in November of 2025 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
2025-12-10 11:00 AM
PPI YoY
Oct 4.1% 4.5% 4.3%
2026-01-12 11:00 AM
PPI YoY
Nov 3.9% 4.1% 3.9%
2026-02-10 11:00 AM
PPI YoY
Dec 3.9% 3.8%

Components Last Previous Unit Reference
Inflation Rate YoY 4.10 4.00 percent Dec 2025

Related Last Previous Unit Reference
Consumer Price Index CPI 162.50 161.85 points Dec 2025
Core Consumer Prices 161.14 160.03 points Dec 2025
Core Inflation Rate 4.30 4.24 percent Dec 2025
Food Inflation 5.30 5.40 percent Dec 2025
GDP Deflator 135.29 131.63 points Sep 2025
Inflation Rate MoM 0.40 0.50 percent Dec 2025
Producer Prices 118.60 118.00 points Nov 2025
PPI YoY 3.90 4.10 percent Nov 2025


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
3.90 4.10 20.50 -5.60 2011 - 2025 percent Monthly
2015=100

News Stream
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
North Macedonia Producer Inflation Eases to 4.1%
The annual producer inflation in North Macedonia eased to 4.1% in October 2025 from 4.5% in the previous month. This was the lowest reading since September 2024 amid softer price increases in all main groups, namely energy (6.1% vs 7.3% in September), intermediate goods, except energy (1.9% vs 1.8%), capital goods (8% vs 9.3%), and consumer goods (3.4% vs 3.6%). Within consumer goods, prices dropped for durables (-2% vs 1.9%) while remained steady for non-durables (at 3.8%). On a monthly basis, producer prices rose by 0.3%, following a 0.5% increase in September.
2025-12-10
North Macedonia Producer Inflation at Near 1-Year Low
The annual producer inflation in North Macedonia slowed to 4.2% in August 2025, from 4.9% in the previous month. The latest figure marked the lowest reading since September 2024, as prices increased at a slower pace for energy (6.5% vs 7.5% in July), capital goods (9.3% vs 12.7%), and consumer goods (3.5% vs 3.7%). Within consumer goods, non-durables ticked down (3.6% vs 3.9%), while durables increased at a quicker rate (1.5% vs 1%). Meanwhile, prices accelerated for intermediate goods, except energy (1.4% vs 0.9%). On a monthly basis, producer prices fell by 0.1% in August, easing from a 0.4% decline in the previous month.
2025-10-10