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.

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Macedonia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-04-07 10:00 AM Mar 8.8% 7.6% 9.5%
2022-05-09 10:00 AM Apr 10.5% 8.8%
2022-06-07 10:00 AM May 10.5%


Related Last Previous Unit Reference
Inflation Rate 10.50 8.80 percent Apr 2022
Consumer Price Index CPI 126.48 124.49 points Mar 2022
GDP Deflator 100.90 101.10 percent Dec 2020
Food Inflation 14.80 11.40 percent Apr 2022
Producer Prices Change 19.20 15.70 percent Mar 2022
Producer Prices 136.20 127.40 points Mar 2022
Inflation Rate Mom 1.60 1.00 percent Mar 2022
Core Inflation Rate 7.20 5.80 percent Mar 2022
Core Consumer Prices 124.48 122.54 points Mar 2022

Macedonia Inflation Rate
In Macedonia, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (40.9 percent of total weight). Housing and Utilities accounts for 13.8 percent; Transport for 7.9 percent; Clothing and Footwear for 7 percent; Restaurants and Hotels for 5.5 percent and Furniture, Household Goods and Maintenance for 5.4 percent. Miscellaneous Goods and Services; Alcoholic beverages and Tobacco ; Health; Communication; Recreation and Culture and Education account for the remaining 19.5 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
10.50 8.80 10.50 -2.10 2006 - 2022 percent Monthly

News Stream
Macedonia Inflation Rate at New Series High
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.
2022-05-09
Macedonia Inflation Rate Near 14-Year High
The annual inflation rate in Macedonia accelerated for the ninth straight month to 8.8 percent in March of 2022, from 7.6 percent in the prior month. It was the highest reading since June of 2008, mainly driven by prices of transport (19.8 percent), food & non-alcoholic beverages (11.4 percent), housing & utilities (7.7 percent), and restaurants & hotels (9.4 percent). On a monthly basis, consumer prices rose 1.6 percent, after a 1 percent increase in the previous month.
2022-04-07
Macedonia Inflation Rate Quickens for 8th Month
The annual inflation rate in Macedonia accelerated for the eight straight month to 7.6 percent in February of 2022, from 6.7 percent in the prior month. It was the highest reading since September of 2008, mainly pushed up by prices of transport (19.4 percent), food & non-alcoholic beverages ( 9.6 percent) and housing & utilities (7.3 percent). On a monthly basis, consumer prices rose 1 percent, after a 1.5 percent increase in the previous month.
2022-03-07