North Macedonia Inflation Rate 1994-2022

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • North Macedonia inflation rate for 2021 was 3.23%, a 2.03% increase from 2020.
  • North Macedonia inflation rate for 2020 was 1.20%, a 0.43% increase from 2019.
  • North Macedonia inflation rate for 2019 was 0.77%, a 0.69% decline from 2018.
  • North Macedonia inflation rate for 2018 was 1.46%, a 0.11% increase from 2017.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 154.76%
Suriname 59.11%
Turkey 19.60%
Belarus 9.46%
Brazil 8.30%
Dominican Republic 8.24%
Botswana 7.24%
Algeria 7.23%
Armenia 7.18%
Russia 6.69%
Azerbaijan 6.65%
Iraq 6.04%
Jamaica 5.86%
Mexico 5.69%
Romania 5.05%
Guyana 5.03%
Paraguay 4.79%
South Africa 4.61%
Peru 4.27%
Guatemala 4.26%
Serbia 4.09%
Mauritius 4.03%
Namibia 3.62%
Colombia 3.50%
Bulgaria 3.30%
North Macedonia 3.23%
Samoa 3.13%
Malaysia 2.48%
Montenegro 2.41%
St. Lucia 2.41%
Albania 2.04%
Bosnia 1.98%
Costa Rica 1.73%
St. Vincent and the Grenadines 1.57%
Jordan 1.35%
Thailand 1.23%
Grenada 1.22%
China 0.98%
Maldives 0.54%
Dominica 0.52%
Fiji 0.16%
Ecuador 0.13%
North Macedonia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2021 3.23% 2.03%
2020 1.20% 0.43%
2019 0.77% -0.69%
2018 1.46% 0.11%
2017 1.35% 1.59%
2016 -0.24% 0.06%
2015 -0.30% -0.02%
2014 -0.28% -3.07%
2013 2.79% -0.53%
2012 3.32% -0.59%
2011 3.90% 2.39%
2010 1.51% 2.25%
2009 -0.74% -9.07%
2008 8.33% 6.08%
2007 2.25% -0.96%
2006 3.21% 2.69%
2005 0.53% 0.97%
2004 -0.45% -1.30%
2003 0.86% -1.46%
2002 2.31% -2.88%
2001 5.20% -1.41%
2000 6.61% 7.89%
1999 -1.28% -1.82%
1998 0.54% -0.75%
1997 1.29% -1.17%
1996 2.47% -13.91%
1995 16.37% -110.21%
1994 126.58% -110.21%