Macedonia Producer Inflation at 17-Month High

2026-08-27 10:19 By Mariene Camarillo 1 min. read

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.



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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.
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Macedonia Producer Inflation Hits Over 1-Year High
The annual producer inflation rate in North Macedonia rose to 6.2% in June 2026 from a 6.0% increase in the previous month, marking the highest level since March 2025. Price growth continued for energy (10.9% vs 10.2% in May), intermediate goods excluding energy (4.7% vs 4.5%), and consumer goods (3.7% vs 3.0%), particularly non-durable goods (3.7% vs 2.9%). Meanwhile, prices eased for capital goods (10.6% vs 11.2%). By sectors and divisions, costs edged up in manufacturing (5.2% vs 5.1%), while inflation rose for mining and quarrying (24.5% vs 23.2%), electricity, gas, steam and air conditioning supply (11.2% vs 10.7%), and water supply, sewerage, waste management and remediation services (7.4% vs 6.4%). On a monthly basis, producer prices edged up 0.5% in June, down from 1.2% in May.
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Macedonia Producer Inflation Eases in May
The annual producer inflation rate in North Macedonia rose by 4.7% in May 2026, easing from a ten-month high of 5.1% in the previous month. Price growth slowed intermediate goods except energy (1.8% vs 2.3% in April), while costs declined for capital goods (-0.8% vs 11.1%). On the other hand, prices increased for energy (10.2% vs 10.1%) and consumer goods (4.7% vs 3.1%). By sectors and divisions, costs moderated for manufacturing (3.4% vs 4.4%), weighed down by lower costs for beverages (2.7% vs 3.7%), wearing apparel (3.8% vs 6.6%), and leather and leather products (3.7% vs 5.6%). Additionally, inflation eased for mining and quarrying (5.6% vs 14.9%). Meanwhile, growth remained unchanged for water collection, treatment, and supply (at 6.4%), while costs increased for electricity, gas, steam, and air-conditioning supply (10.7% vs 10.5%). On a monthly basis, producer prices grew 1.0% in May, following a 0.6% gain in the preceding period.
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