Food price inflation in North Macedonia accelerated to a new record high of 31.2% year-on-year in October of 2022, from 28.7% in the previous month. Notable increases were recorded in prices of bread & cereals (47.7%); milk, cheese and eggs (40.7%); oils & fats (40.3%) and meat (28.6%). source: State Statistical Office of the Republic of Macedonia
Food Inflation in Macedonia averaged 2.62 percent from 2003 until 2022, reaching an all time high of 31.20 percent in October of 2022 and a record low of -6.00 percent in January of 2005. This page provides the latest reported value for - Macedonia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. North Macedonia Food Inflation - values, historical data and charts - was last updated on December of 2022.
Food Inflation in Macedonia is expected to be 28.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the North Macedonia Food Inflation is projected to trend around 5.00 percent in 2023 and 4.00 percent in 2024, according to our econometric models.