The annual inflation rate in Macedonia accelerated for the tenth straight month to 10.5 percent in April of 2022, from 8.8 percent in the prior month, the highest since records began in 2006. Main upward pressure came from prices of transport (21.8 percent), food & non-alcoholic beverages (14.8 percent), housing & utilities (8.1 percent), alcoholic beverages & tobacco (7.9 percent), and restaurants & hotels (9.3 percent). On a monthly basis, consumer prices rose 2.2 percent, after a 1.6 percent increase in the previous month. source: State Statistical Office of the Republic of Macedonia
Inflation Rate in Macedonia averaged 1.90 percent from 2006 until 2022, reaching an all time high of 10.50 percent in April of 2022 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 May of 2022.
Inflation Rate in Macedonia is expected to be 7.00 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 2023 and 1.60 percent in 2024, according to our econometric models.