Inflation North Macedonia 2006
Average inflation: 3.2%
Current Inflation
Inflation is high at 3.2%, well above the ECB target.
Peak and Trough
The highest inflation was in May at 4.0%. The lowest inflation was in October at 2.5%.
- Highest month
- May: 4.0%
- Lowest month
- October: 2.5%
- Difference
- 1.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 5.0%. The lowest price increase was in Food with an average of 2.1%.
- Highest increase
- Energy: 5.0%
- Lowest increase
- Food: 2.1%
Historical Context
Current inflation is 2.2% higher than the 5-year average of 1.0%. This approaches the highest level since records began (3.2% in 2006).
- 5-year average
- 1%
- 10-year average
- 1%
- All-time high (2006)
- 3.2%
- All-time low (2004)
- -0.5%
Trend
Inflation shows an upward trend. Compared to 2005, inflation has risen by +2.7 percentage point.
- Change vs. previous year
- +2.7 percentage points
- Largest monthly swing
- January: +4.4 percentage points
ECB Target
Inflation is 1.2% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2006
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2005 |
|---|---|---|
| January | 2.8% | +4.4 |
| February | 2.6% | +2.9 |
| March | 2.8% | +3.1 |
| April | 3.2% | +2.8 |
| May | 4.0% | +3.7 |
| June | 3.0% | +2.2 |
| July | 3.8% | +2.6 |
| August | 3.9% | +2.8 |
| September | 3.1% | +1.5 |
| October | 2.5% | +1.3 |
| November | 3.8% | +3.5 |
| December | 3.0% | +1.4 |
| Average | 3.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.