Inflation North Macedonia 2025
Average inflation: 5.0%
Current Inflation
Inflation is very high at 5.0%, far above the ECB target.
Peak and Trough
The highest inflation was in February at 5.0%. The lowest inflation was in January at 4.9%.
- Highest month
- February: 5.0%
- Lowest month
- January: 4.9%
- Difference
- 0.1 percentage points
- Months with data
- 2 of 12
Category Insights
The highest price increase was in Core inflation with an average of 6.5%. The lowest price increase was in Energy with an average of -0.5%.
- Highest increase
- Core inflation: 6.5%
- Lowest increase
- Energy: -0.5%
Historical Context
Current inflation is 2.1% lower than the 5-year average of 7.1%.
- 5-year average
- 7.1%
- 10-year average
- 4%
- All-time high (2022)
- 14.1%
- All-time low (2009)
- -0.7%
Trend
Inflation shows a downward trend. Compared to 2024, inflation has fallen by +1.5 percentage point.
- Change vs. previous year
- +1.5 percentage points
- Largest monthly swing
- February: +2.0 percentage points
ECB Target
Inflation is 3.0% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €105.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2025
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2024 |
|---|---|---|
| January | 4.9% | +1.7 |
| February | 5.0% | +2.0 |
| Average | 5.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.Not all months available yet.