North Macedonia: Inflation, monthly
* indicates monthly or quarterly data series
The most recent value is 0.77 percent as of May 2026, a decline compared to the previous value of 1.1 percent. Historically, the average for North Macedonia from January 2005 to May 2026 is 0.26 percent. The minimum of -1.86 percent was recorded in October 2023, while the maximum of 2.48 percent was reached in June 2022.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Eurostat
| Recent values | North Macedonia: Inflation, monthly percent change in the CPI |
|---|---|
| 2026 May | 0.77 |
| 2026 Apr | 1.1 |
| 2026 Mar | 1.01 |
| 2026 Feb | 0.32 |
| 2026 Jan | -0.28 |
| 2025 Dec | -0.13 |
| 2025 Nov | 0.34 |
| 2025 Oct | 0.07 |
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Definition: The percentage change in the CPI from one month to the next.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 3.5 | 2024 | percent |
| Exchange rate regimes | 6 | 2023 | index points |
| USD exchange rate | 53.5871 | 6/2026 | Local Currency Units per USD |
| Money supply (broad money) | 386.09 | 12/2025 | billion |
| Consumer Price Index (CPI) | 104.3900 | 5/2026 | index points |
| Inflation, monthly | 0.77 | 5/2026 | percent |
| Inflation, annual | 4.85 | 5/2026 | percent |
| Food and beverages inflation | 6.70 | 4/2026 | percent |
| Alcohol and tobacco inflation | 9.10 | 4/2026 | percent |
| Energy price inflation | 8.70 | 4/2026 | percent |
| Transport services inflation | 7.60 | 4/2026 | percent |
| Services inflation | 4.30 | 4/2026 | percent |
| Information and communication inflation | 2.80 | 4/2026 | percent |
| Restaurant and accommodation services inflation | 4.60 | 4/2026 | percent |
| Health care inflation | 2.40 | 4/2026 | percent |
| Education services inflation | 1.80 | 4/2026 | percent |
| Clothing and footwear inflation | 1.80 | 4/2026 | percent |
| Housing inflation | 8.30 | 4/2026 | percent |
| Private sector credit | 547.76 | 12/2025 | billion |
| Business credit | 270.94 | 12/2025 | billion |
| Household credit | 276.81 | 12/2025 | billion |
| Mortgage credit | 109.34 | 12/2025 | billion |
| Consumer credit | 167.47 | 12/2025 | billion |
| Deposit interest rate | 2.70 | 11/2025 | percent |
| Business credit interest rate | 4.51 | 11/2025 | percent |
| Mortgage credit interest rate | 3.68 | 11/2025 | percent |
| Policy rate | 4.00 | 5/2026 | percent |
| Business credit in local currency | 7.50 | 3/2026 | billion local currency units |
| Business credit in foreign currency | 71.93 | 3/2026 | billion local currency units |
| Household credit in local currency | 161.89 | 3/2026 | billion local currency units |
| Household credit in foreign currency | 122.08 | 3/2026 | billion local currency units |
| Private credit in local currency | 169.39 | 3/2026 | billion local currency units |
| Private credit in foreign currency | 194.01 | 3/2026 | billion local currency units |
| Bank deposits, total | 403.54 | 5/2026 | billion local currency units |
| Bank deposits, local currency | 149.47 | 5/2026 | billion local currency units |
| Bank deposits, foreign currency | 254.07 | 5/2026 | billion local currency units |