North Macedonia Inflation Rate 1994-2020

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 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.
  • North Macedonia inflation rate for 2017 was 1.35%, a 1.59% increase from 2016.
  • North Macedonia inflation rate for 2016 was -0.24%, a 0.06% increase from 2015.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Iran 39.91%
Turkey 15.18%
Belarus 5.60%
Kazakhstan 5.25%
Russia 4.47%
South Africa 4.12%
Jamaica 3.91%
Romania 3.83%
Brazil 3.73%
Namibia 3.73%
Guatemala 3.70%
Mexico 3.64%
Colombia 3.53%
Bulgaria 3.10%
Lebanon 3.01%
China 2.90%
Botswana 2.77%
Paraguay 2.76%
Azerbaijan 2.61%
Gabon 2.46%
Peru 2.14%
Costa Rica 2.10%
Guyana 2.09%
Algeria 1.95%
Serbia 1.85%
Dominican Republic 1.81%
Fiji 1.77%
Armenia 1.44%
Albania 1.41%
Equatorial Guinea 1.24%
Samoa 0.98%
North Macedonia 0.77%
Jordan 0.76%
Thailand 0.71%
Malaysia 0.66%
Bosnia 0.56%
Mauritius 0.41%
Ecuador 0.27%
Maldives 0.22%
North Macedonia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
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%