Macedonia Producer Inflation at 6-Month High

2026-04-28 10:20 By Jereli Escobar 1 min. read

The annual producer inflation rate in North Macedonia rose to 4.4% in March 2026 from 4.2% in the previous month, marking the highest level since September 2025.

Producer prices increased further for intermediate goods excluding energy (2.9% vs 2.2% in February), consumer goods (2.5% vs 2.1%), durable goods (5.9% vs 3.8%), and non-durable goods (2.3% vs 2%).

Meanwhile, inflation eased slightly for energy (10.3% vs 10.4%) and capital goods (7.8% vs 8.5%).

By sections and divisions, prices also increased for manufacturing (3.6% vs 3.3%), particularly for tobacco products, machinery and equipment, and motor vehicles, trailers and semi-trailers, as well as for the water supply sector (6.4% vs 5.4%).

At the same time, prices continued to increase, albeit at a softer pace, in mining and quarrying (15.7% vs 17.4%) and electricity, gas, steam and air conditioning supply (10.7% vs 11%).

On a monthly basis, producer prices edged down to 0.5% in March from 1% in the preceding period.



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Macedonia Producer Inflation at 6-Month High
The annual producer inflation rate in North Macedonia rose to 4.4% in March 2026 from 4.2% in the previous month, marking the highest level since September 2025. Producer prices increased further for intermediate goods excluding energy (2.9% vs 2.2% in February), consumer goods (2.5% vs 2.1%), durable goods (5.9% vs 3.8%), and non-durable goods (2.3% vs 2%). Meanwhile, inflation eased slightly for energy (10.3% vs 10.4%) and capital goods (7.8% vs 8.5%). By sections and divisions, prices also increased for manufacturing (3.6% vs 3.3%), particularly for tobacco products, machinery and equipment, and motor vehicles, trailers and semi-trailers, as well as for the water supply sector (6.4% vs 5.4%). At the same time, prices continued to increase, albeit at a softer pace, in mining and quarrying (15.7% vs 17.4%) and electricity, gas, steam and air conditioning supply (10.7% vs 11%). On a monthly basis, producer prices edged down to 0.5% in March from 1% in the preceding period.
2026-04-28
Macedonia Producer Inflation at 5-Month High
The annual producer inflation rate in North Macedonia rose to 4.2% in February 2026 from a sixteen-month low of 3.8% in the previous month. This marked the highest reading since September last year, mainly due to higher energy prices, which climbed by 10.4%, its sharpest rise since May 2025, following a 9.6% gain in January. Producer inflation also increased for capital goods (8.5% vs 7.5%), consumer goods (2.2% vs 1.7%), durable goods (3.7% vs 1.1%), and non-durable goods (2% vs 1.8%). On the other hand, price growth slightly eased for intermediate goods (2.2% vs 2.3%). According to sections and divisions, costs for mining and quarrying (17.4% vs 13.1%), manufacturing (3.3% vs 3%), and electricity, gas, steam and air conditioning supply (11% vs 10%) rose further, while it remained steady for water supply (at 5.4%). On a monthly basis, producer prices went up by 1% in February, the same pace as in the preceding period.
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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.
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