Inflation North Macedonia 2019
Average inflation: 0.8%
Current Inflation
Inflation is very low at 0.8%, well below the ECB target.
Peak and Trough
The highest inflation was in April at 1.9%. The lowest inflation was in October at -0.2%.
- Highest month
- April: 1.9%
- Lowest month
- October: -0.2%
- Difference
- 2.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 1.6%. The lowest price increase was in Energy with an average of -1.6%.
- Highest increase
- Food: 1.6%
- Lowest increase
- Energy: -1.6%
Historical Context
Current inflation is around the 5-year average of 0.6%.
- 5-year average
- 0.6%
- 10-year average
- 1.4%
- All-time high (2008)
- 8.4%
- All-time low (2009)
- -0.7%
Trend
Inflation has remained relatively stable. Compared to 2018, the difference is minimal (-0.7 percentage point).
- Change vs. previous year
- -0.7 percentage points
- Largest monthly swing
- October: -1.7 percentage points
ECB Target
Inflation is 1.2% 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 €100.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 1.2% | -0.2 |
| February | 1.0% | -1.0 |
| March | 1.4% | -0.2 |
| April | 1.9% | +0.5 |
| May | 1.4% | -0.3 |
| June | 0.3% | -1.0 |
| July | 0.8% | -0.8 |
| August | 0.8% | -0.7 |
| September | 0.3% | -1.2 |
| October | -0.2% | -1.7 |
| November | -0.1% | -1.3 |
| December | 0.4% | -0.4 |
| Average | 0.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.