Macedonia Producer Inflation Hits 1½-Year High

2026-09-28 10:22 By Jereli Escobar 1 min. read

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.



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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.
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