Macedonia’s producer prices increased 1.6 percent year-on-year in May of 2019, following a 1.7 percent gain in the previous month. It was the highest producer inflation since February of 2018, as prices rose faster for capital goods (6.8 percent from 5.5 percent in April) and intermediate goods (1.1 percent from 0.6 percent). On the other hand, cost slowed for energy (0.4 percent from 1.1 percent) and consumer goods (1 percent from 1.6 percent). On a monthly basis, producer prices went down 0.2 percent, after a 0.5 percent increase in April. Producer Prices Change in Macedonia averaged 1.07 percent from 2011 until 2019, reaching an all time high of 20.57 percent in February of 2011 and a record low of -5.50 percent in October of 2015.
Producer Prices Change in Macedonia is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Macedonia to stand at 1.60 in 12 months time. In the long-term, the Macedonia Producer Prices Change is projected to trend around 2.00 percent in 2020, according to our econometric models.