The annual inflation rate in Macedonia eased to 1.9 percent in January of 2021 from 2.3 percent in the previous month. Main upward pressure came from food & non-alcoholic beverages (2.3 percent vs 3.2 percent in December) and housing & utilities (4.4 percent vs 4.6 percent). Additionally, prices fell at a softer pace for transports (-2.1 percent vs -6.5 percent) and for clothing & footwear (-0.5 percent vs -1.1 percent). On a monthly basis, consumer prices edged down 0.2 percent, after a 0.4 percent increase in the prior month. source: State Statistical Office of the Republic of Macedonia
Inflation Rate in Macedonia averaged 1.62 percent from 2006 until 2020, 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 March of 2021.
Inflation Rate in Macedonia is expected to be 1.00 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 1.20 in 12 months time. In the long-term, the Macedonia Inflation Rate is projected to trend around 1.60 percent in 2022, according to our econometric models.