Inflation in North Macedonia

North Macedonia Inflation | Economic News & Forecasts

North Macedonia - Inflation

GDP growth slowed considerably in Q3, chiefly due to a fading base effect. Growth in household spending and fixed investment recorded sharp decelerations, while the external sector supported activity as exports expanded at a faster pace than imports. Moving to the final quarter of 2021, available data paints a mixed picture. Retail sales growth eased on average in October-November compared to Q3, likely weighed on by soaring inflation. However, industrial production improved in October, pointing to stronger private sector dynamics. In politics, the ruling left-wing SDSM party elected Dimitar Kovacevski as its leader and President Stevo Pendarovski endorsed him as the country's prime minister-designate in late December, following the resignation of Zoran Zaev. Meanwhile, the IMF recently encouraged the country to strengthen public financial management in order to limit fiscal risks.

North Macedonia - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)-0.3  -0.2  1.4  1.4  0.8  

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North Macedonia Inflation Chart


Macedonia Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: State Statistical Office

North Macedonia Facts

Value Change Date
Exchange Rate54.86-0.56 %Jan 01
Stock Market0.10.0 %Jan 07

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