Inflation North Macedonia 2018
Average inflation: 1.5%
Current Inflation
Inflation is low at 1.5%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in February at 2.0%. The lowest inflation was in December at 0.8%.
- Highest month
- February: 2.0%
- Lowest month
- December: 0.8%
- Difference
- 1.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 4.0%. The lowest price increase was in Food with an average of 0.8%.
- Highest increase
- Energy: 4.0%
- Lowest increase
- Food: 0.8%
Historical Context
Current inflation is 1.1% higher than the 5-year average of 0.4%.
- 5-year average
- 0.4%
- 10-year average
- 1.3%
- All-time high (2008)
- 8.4%
- All-time low (2009)
- -0.7%
Trend
Inflation shows an upward trend. Compared to 2017, inflation has risen by +0.2 percentage point.
- Change vs. previous year
- +0.2 percentage points
- Largest monthly swing
- February: +1.8 percentage points
ECB Target
Inflation is 0.5% 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 €101.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 1.4% | +0.8 |
| February | 2.0% | +1.8 |
| March | 1.6% | +1.0 |
| April | 1.4% | +0.4 |
| May | 1.7% | +0.5 |
| June | 1.3% | -0.2 |
| July | 1.6% | +0.3 |
| August | 1.5% | -0.3 |
| September | 1.5% | -0.1 |
| October | 1.5% | -0.3 |
| November | 1.2% | -1.0 |
| December | 0.8% | -1.6 |
| Average | 1.5% |
Data source
Data from WorldBank. Last updated: 06/01/2026.