North Macedonia Inflation Rate 1994-2024
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 2023 was 9.36%, a 4.84% decline from 2022.
- North Macedonia inflation rate for 2022 was 14.20%, a 10.97% increase from 2021.
- 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 - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
9.36% |
-4.84% |
| 2022 |
14.20% |
10.97% |
| 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% |
