The annual inflation rate in Macedonia edged up to 3.6 percent in August of 2021 from 3.4 percent in the prior month, reaching its highest level since July of 2013. Main upward pressure came from prices of transport (13.5 percent vs 13.6 percent in July); food & non-alcoholic beverages (4.1 percent vs 2.2 percent) and restaurants & hotels (4.8 percent vs 5.6 percent). On the other hand, costs slowed a bit for housing & utilities (0.2 percent vs 0.4 percent); health (2.6 percent vs 3.5 percent) and recreation & culture (2.1 percent vs 3 percent). On a monthly basis, consumer prices were up 0.6 percent, after a 0.5 percent gain in July. source: State Statistical Office of the Republic of Macedonia
Inflation Rate in Macedonia averaged 1.67 percent from 2006 until 2021, reaching an all time high of 9.90 percent in June of 2008 and a record low of -2.10 percent in December of 2009. This page provides the latest reported value for - Macedonia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Macedonia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Inflation Rate in Macedonia is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macedonia Inflation Rate is projected to trend around 2.20 percent in 2022 and 1.60 percent in 2023, according to our econometric models.