Cost of food in Macedonia increased 4.10 percent in August of 2021 over the same month in the previous year. source: State Statistical Office of the Republic of Macedonia

Food Inflation in Macedonia averaged 1.79 percent from 2003 until 2021, reaching an all time high of 20.40 percent in April of 2008 and a record low of -6 percent in January of 2005. This page provides the latest reported value for - Macedonia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Macedonia Food Inflation - values, historical data and charts - was last updated on October of 2021.

Food Inflation in Macedonia is expected to be 2.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macedonia Food Inflation is projected to trend around 2.00 percent in 2022 and 1.80 percent in 2023, according to our econometric models.

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Macedonia Food Inflation

Macedonia Last Unit Reference Previous Highest Lowest
Inflation Rate 3.70 percent Sep/21 3.60 9.90 -2.10
Consumer Price Index CPI 119.73 points Aug/21 118.96 119.73 84.91
GDP Deflator 100.90 percent Dec/20 101.10 1371.80 99.83
Food Inflation 3.90 percent Sep/21 4.10 20.40 -6.00
Core Inflation Rate 2.90 percent Sep/21 2.90 8.10 -2.20
Core Consumer Prices 118.59 points Sep/21 118.93 118.93 89.65
Inflation Rate Mom -0.10 percent Sep/21 0.60 4.10 -2.80
Producer Prices Change 14.10 percent Aug/21 14.00 20.57 -5.50
Producer Prices 120.70 points Aug/21 118.70 120.70 87.90