Inflation, consumer prices in North Macedonia
North Macedonia: Inflation, consumer prices was 3.49 in 2024. ◆ Volatile
Latest (2024)
3.49
Change on year
down 62.7%
World rank
25th
of 70 countries
All-time high
126.58
in 1994
All-time low
-1.28
in 1999
Years of data
31
1994–2024
Inflation, consumer prices in North Macedonia, 1994–2024
Source: UNICEF.
Analysis
In 2024, inflation, consumer prices in North Macedonia stood at 3.49.
Compared with earlier readings it is down 62.7% on the previous year and up 1,338.8% over ten years.
Over the whole period, inflation, consumer prices in North Macedonia peaked at 126.58 in 1994 and was at its lowest, -1.28, in 1999.
North Macedonia ranks 25th of 70 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, consumer prices in North Macedonia, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 126.58 | — |
| 1995 | 16.37 | -87.1% |
| 1996 | 2.47 | -84.9% |
| 1997 | 1.29 | -47.5% |
| 1998 | 0.5442 | -58.0% |
| 1999 | -1.28 | -335.1% |
| 2000 | 6.61 | -616.5% |
| 2001 | 5.2 | -21.3% |
| 2002 | 2.31 | -55.5% |
| 2003 | 0.8556 | -63.0% |
| 2004 | -0.4486 | -152.4% |
| 2005 | 0.5255 | -217.1% |
| 2006 | 3.21 | +511.5% |
| 2007 | 2.25 | -29.9% |
| 2008 | 8.33 | +270.0% |
| 2009 | -0.7396 | -108.9% |
| 2010 | 1.51 | -304.2% |
| 2011 | 3.9 | +158.6% |
| 2012 | 3.32 | -15.1% |
| 2013 | 2.79 | -16.0% |
| 2014 | -0.2817 | -110.1% |
| 2015 | -0.2999 | +6.5% |
| 2016 | -0.2393 | -20.2% |
| 2017 | 1.35 | -664.8% |
| 2018 | 1.46 | +7.9% |
| 2019 | 0.7664 | -47.4% |
| 2020 | 1.2 | +56.6% |
| 2021 | 3.23 | +169.2% |
| 2022 | 14.2 | +339.7% |
| 2023 | 9.36 | -34.1% |
| 2024 | 3.49 | -62.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 24.33 | -1.28 | 126.58 | 6 |
| 2000s | 2.81 | -0.7396 | 8.33 | 10 |
| 2010s | 1.43 | -0.2999 | 3.9 | 10 |
| 2020s | 6.3 | 1.2 | 14.2 | 5 |
Countries ranked near North Macedonia
- 22 Poland 3.79 compare
- 23 Hungary 3.7 compare
- 24 Estonia 3.52 compare
- 26 Netherlands 3.35 compare
- 27 Montenegro 3.34 compare
- 28 United Kingdom 3.27 compare
More economy & growth data for North Macedonia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.06 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 47.56 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 498,876 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3.46 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5645 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 5,922 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.46 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 23.68 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is inflation, consumer prices in North Macedonia?
- Inflation, consumer prices in North Macedonia was 3.49 in 2024, according to UNICEF.
- What is the highest inflation, consumer prices recorded in North Macedonia?
- The highest recorded value was 126.58 in 1994.
- What is the lowest inflation, consumer prices recorded in North Macedonia?
- The lowest recorded value was -1.28 in 1999.
- How does North Macedonia rank for inflation, consumer prices?
- North Macedonia ranks 25th out of 70 countries with data for 2024.
- Is inflation, consumer prices rising or falling in North Macedonia?
- Over the last ten years it is up 1,338.8%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from UNICEF, published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under UNICEF Terms of Use (attribution required).