City in North Macedonia

North Macedonia Inflation (CPI, ann. var. %, aop)

Inflation Rate in North Macedonia

Inflation fell to a nine-month low of 14.7% in March, from 16.7% in February, chiefly thanks to a softer increase in prices for food and transport. That said, the moderation will likely not be enough to sway the Central Bank away from its monetary policy tightening course, with the next meeting due on 10 May. Inflation should ease further by year-end.

North Macedonia Inflation Rate Chart

This chart displays Inflation Rate (CPI, annual variation in %) for North Macedonia from 2013 to 2022.

North Macedonia Inflation Rate Data

2017 2018 2019 2020 2021
Inflation (CPI, ann. var. %, aop) 1.4 1.4 0.8 1.2 3.2

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