The annual inflation rate in Macedonia rose to 4.1 percent in October of 2021 from 3.7 percent in the prior month, quickening to its highest level since June of 2013. Main upward pressure came from transport charges (18.4 percent); prices of food & non-alcoholic beverages (4.6 percent); restaurants & hotels (8.0); and recreation & culture (3.3 percent). On the other hand, prices went down in communication (-0.9 percent). On a monthly basis, consumer prices advanced 0.5 percent in September. source: State Statistical Office of the Republic of Macedonia
Inflation Rate in Macedonia averaged 1.70 percent from 2006 until 2021, 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 November of 2021.
Inflation Rate in Macedonia is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Macedonia Inflation Rate is projected to trend around 2.20 percent in 2022 and 1.60 percent in 2023, according to our econometric models.