Inflation North Macedonia 2014
Average inflation: -0.3%
Current Inflation
There is deflation with consumer prices declining by 0.3%.
Peak and Trough
The highest inflation was in January at 0.9%. The lowest inflation was in April at -1.1%.
- Highest month
- January: 0.9%
- Lowest month
- April: -1.1%
- Difference
- 2.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 0.1%. The lowest price increase was in Energy with an average of -1.6%.
- Highest increase
- Core inflation: 0.1%
- Lowest increase
- Energy: -1.6%
Historical Context
Current inflation is 2.5% lower than the 5-year average of 2.2%.
- 5-year average
- 2.2%
- 10-year average
- 2.5%
- All-time high (2008)
- 8.4%
- All-time low (2009)
- -0.7%
Trend
Inflation shows a downward trend. Compared to 2013, inflation has fallen by +3.1 percentage point.
- Change vs. previous year
- -3.1 percentage points
- Largest monthly swing
- June: -5.3 percentage points
ECB Target
Inflation is 2.3% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
Due to deflation, purchasing power increases. Money becomes more valuable instead of less.
What you could buy for €100 this year will cost approximately €99.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2014
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2013 |
|---|---|---|
| January | 0.9% | -2.9 |
| February | 0.6% | -2.9 |
| March | 0.2% | -2.9 |
| April | -1.1% | -4.4 |
| May | -0.6% | -4.0 |
| June | -1.1% | -5.3 |
| July | 0.2% | -3.8 |
| August | -0.6% | -3.4 |
| September | -0.7% | -2.3 |
| October | -0.4% | -1.7 |
| November | -0.3% | -1.4 |
| December | -0.6% | -2.0 |
| Average | -0.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.