Inflation in North Macedonia
Consumer price inflation in North Macedonia averaged 2.4% in the ten years to 2022, below the Eastern Europe regional average of 7.7%. The 2022 average figure was 14.1%. For more inflation information, visit our dedicated page.
North Macedonia Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for North Macedonia from 2014 to 2023.
Source: Macrobond.
North Macedonia Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.8 | 1.2 | 3.2 | 14.1 | 9.6 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Macedonian inflation projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Macedonian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Macedonian inflation projections.
Want to get access to the full dataset of Macedonian inflation forecasts? Send an email to info@focus-economics.com.