Current inflation Северна Македонија 5.0%
February 2025
Current Inflation
Inflation is very high at 5.0%, far above the ECB target.
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.
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 MKD 100 this year will cost approximately MKD 105 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 5.0%
- Last year
- 3.5%
- 5-year average
- 5.0%
- All-time high (2022)
- 14.1%