Inflation North Macedonia 2016
Average inflation: -0.2%
Current Inflation
There is deflation with consumer prices declining by 0.2%.
Peak and Trough
The highest inflation was in January at 0.2%. The lowest inflation was in April at -0.6%.
- Highest month
- January: 0.2%
- Lowest month
- April: -0.6%
- Difference
- 0.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 1.5%. The lowest price increase was in Energy with an average of -1.8%.
- Highest increase
- Core inflation: 1.5%
- Lowest increase
- Energy: -1.8%
Historical Context
Current inflation is 1.3% lower than the 5-year average of 1.1%.
- 5-year average
- 1.1%
- 10-year average
- 2.1%
- All-time high (2008)
- 8.4%
- All-time low (2009)
- -0.7%
Trend
Inflation has remained relatively stable. Compared to 2015, the difference is minimal (+0.1 percentage point).
- Change vs. previous year
- +0.1 percentage points
- Largest monthly swing
- January: +1.4 percentage points
ECB Target
Inflation is 2.2% 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 €99.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | 0.2% | +1.4 |
| February | 0.0% | +1.1 |
| March | -0.3% | 0.0 |
| April | -0.6% | -0.6 |
| May | -0.6% | -0.8 |
| June | -0.6% | -1.1 |
| July | -0.2% | +0.2 |
| August | -0.3% | -0.3 |
| September | 0.1% | +0.3 |
| October | 0.1% | +0.6 |
| November | -0.2% | +0.1 |
| December | -0.3% | 0.0 |
| Average | -0.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.