Macedonia's producer prices dropped 1 percent from a year earlier in February 2019, following a 0.8 percent decline in the previous month, as prices fell for: energy (-5.3 percent); intermediate goods (-2.3 percent); and capital goods (-2.1 percent). By contrast, consumer goods prices rose 1.8 percent. On a monthly basis, producer prices jumped 1.3 percent in February, after a 0.4 percent gain in January. Producer Prices Change in Macedonia averaged 1.06 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 -0.80 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 1.50 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.