The annual inflation rate in Macedonia decreased to 1.3 percent in July of 2020 from 1.7 percent in the previous month. Cost slowed for food & non-alcoholic beverages (3.6 percent vs 5.5 percent in June); health (0.3 percent vs 0.7 percent) and recreation & culture (0.4 percent vs 0.8 percent). Also, prices continued to fell for transport (-7.2 percent vs -8.2 percent); clothing & footwear (-1.6 percent vs -2.3 percent) and communication (-0.1 percent vs -0.4 percent). Meantime, inflation was steady for housing & utilities (at 0.3 percent). On the other hand, cost advanced faster fir alcoholic beverages & tobacco (4.3 percent vs 3.9 percent); restaurant & hotels (2.4 percent vs 1.6 percent) and miscellaneous goods & services (3.7 percent vs 2.9 percent). On a monthly basis, consumer prices went down 0.2 percent, after increasing 0.8 percent in June.
Inflation Rate in Macedonia averaged 1.61 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 August of 2020.
Inflation Rate in Macedonia is expected to be 0.50 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 1.30 in 12 months time. In the long-term, the Macedonia Inflation Rate is projected to trend around 1.20 percent in 2021 and 1.60 percent in 2022, according to our econometric models.