The annual inflation rate in Macedonia fell to 0.3 percent in June 2019 from 1.4 percent in May. It was the lowest inflation rate since February 2017, as cost of transport dropped (-1.1 percent vs 1 percent in May) and prices of food & non-alcoholic beverages were flat (vs 2.3 percent in May). Additionally, cost eased for restaurant & hotels (0.7 percent vs 1.2 percent); furnishings & household equipment (1 percent vs 1.7 percent) and recreation & culture (1.7 percent vs 2.1 percent). Also, prices declined further for housing & utilities (-0.2 percent vs -0.1 percent); and continued to fall for clothing & footwear (-0.6 percent) and education (-0.5 percent). Meantime, cost rose at a faster pace for health (2.9 percent vs 2.8 percent) while decreased less for miscellaneous goods & services (-0.5 percent vs -0.7 percent) and communication (-1.6 percent vs -1.7 percent). On a monthly basis, consumer prices went down 1.1 percent, after a 0.5 percent gain in May. Inflation Rate in Macedonia averaged 1.72 percent from 2006 until 2019, 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.

Inflation Rate in Macedonia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Macedonia to stand at 2.00 in 12 months time. In the long-term, the Macedonia Inflation Rate is projected to trend around 2.40 percent in 2020, according to our econometric models.

Macedonia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-08 10:00 AM Inflation Rate YoY 1.4% 1.1% 1.1%
2019-05-07 10:00 AM Inflation Rate YoY 1.9% 1.4% 1.5%
2019-06-07 10:00 AM Inflation Rate YoY 1.4% 1.9% 1.3%
2019-07-08 10:00 AM Inflation Rate YoY 0.3% 1.4% 1.6%
2019-08-07 10:00 AM Inflation Rate YoY 0.3%
2019-09-10 10:00 AM Inflation Rate YoY
2019-10-07 10:00 AM Inflation Rate YoY 1.5%


Macedonia Prices Last Previous Highest Lowest Unit
Inflation Rate 0.30 1.40 9.90 -2.10 percent [+]
Consumer Price Index CPI 114.62 114.07 114.62 84.91 Index Points [+]
GDP Deflator 103.50 104.10 1371.80 99.83 percent [+]
Inflation Rate Mom -1.10 0.50 4.10 -2.80 percent [+]
Producer Prices 104.60 104.80 115.70 92.70 Index Points [+]
Producer Prices Change 1.80 1.70 20.57 -5.50 percent [+]
Food Inflation 0.00 2.30 20.40 -6.00 percent [+]
Core Consumer Prices 112.77 112.38 112.77 89.65 Index Points [+]
Core Inflation Rate 0.90 1.00 8.10 -2.20 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 1.40 9.90 -2.10 2006 - 2019 percent Monthly




Country Last Previous
Argentina 57.30 May/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.40 May/19
China 2.70 Jun/19
Euro Area 1.20 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.80 Jun/19
Japan 0.70 May/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 May/19
United States 1.60 Jun/19


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