Inflation North Macedonia 2005
Average inflation: 0.5%
Current Inflation
Inflation is very low at 0.5%, well below the ECB target.
Peak and Trough
The highest inflation was in September at 1.6%. The lowest inflation was in January at -1.6%.
- Highest month
- September: 1.6%
- Lowest month
- January: -1.6%
- Difference
- 3.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 4.5%. The lowest price increase was in Food with an average of -1.2%.
- Highest increase
- Energy: 4.5%
- Lowest increase
- Food: -1.2%
Historical Context
Current inflation is around the 5-year average of 0.3%.
- 5-year average
- 0.3%
- 10-year average
- 0.3%
- All-time high (2003)
- 0.9%
- All-time low (2004)
- -0.5%
Trend
Inflation has remained relatively stable. Compared to 2004, the difference is minimal (+1.0 percentage point).
- Change vs. previous year
- +1.0 percentage points
- Largest monthly swing
- December: +3.7 percentage points
ECB Target
Inflation is 1.5% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2005
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2004 |
|---|---|---|
| January | -1.6% | -3.5 |
| February | -0.3% | -1.9 |
| March | -0.3% | -1.8 |
| April | 0.4% | +1.1 |
| May | 0.3% | +1.0 |
| June | 0.8% | +1.0 |
| July | 1.2% | +2.4 |
| August | 1.1% | +2.9 |
| September | 1.6% | +3.6 |
| October | 1.2% | +2.1 |
| November | 0.3% | +1.2 |
| December | 1.6% | +3.7 |
| Average | 0.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.