Inflation of consumer prices in North Macedonia
North Macedonia: Inflation of consumer prices was 4.1% in 2025. ◆ Volatile
Inflation of consumer prices in North Macedonia, 1994–2025
Source: International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data. Measured in annual %.
Analysis
North Macedonia recorded 4.1% for inflation of consumer prices in 2025.
Compared with earlier readings it is up 16.7% on the previous year and up 1,457.9% over ten years.
Over the whole period, inflation of consumer prices in North Macedonia peaked at 126.6% in 1994 and was at its lowest, -1.3%, in 1999.
That places North Macedonia 60th out of 190 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation of consumer prices in North Macedonia, year by year
| Year | annual % | Change |
|---|---|---|
| 1994 | 126.6% | — |
| 1995 | 16.4% | -87.1% |
| 1996 | 2.5% | -84.9% |
| 1997 | 1.3% | -47.5% |
| 1998 | 0.5% | -58.0% |
| 1999 | -1.3% | -335.1% |
| 2000 | 6.6% | -616.5% |
| 2001 | 5.2% | -21.3% |
| 2002 | 2.3% | -55.5% |
| 2003 | 0.9% | -63.0% |
| 2004 | -0.4% | -152.4% |
| 2005 | 0.5% | -217.1% |
| 2006 | 3.2% | +511.5% |
| 2007 | 2.3% | -29.9% |
| 2008 | 8.3% | +270.0% |
| 2009 | -0.7% | -108.9% |
| 2010 | 1.5% | -304.2% |
| 2011 | 3.9% | +158.6% |
| 2012 | 3.3% | -15.1% |
| 2013 | 2.8% | -16.0% |
| 2014 | -0.3% | -110.1% |
| 2015 | -0.3% | +6.5% |
| 2016 | -0.2% | -20.2% |
| 2017 | 1.4% | -664.8% |
| 2018 | 1.5% | +7.9% |
| 2019 | 0.8% | -47.4% |
| 2020 | 1.2% | +56.6% |
| 2021 | 3.2% | +169.2% |
| 2022 | 14.2% | +339.7% |
| 2023 | 9.4% | -34.1% |
| 2024 | 3.5% | -62.7% |
| 2025 | 4.1% | +16.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 24.3% | -1.3% | 126.6% | 6 |
| 2000s | 2.8% | -0.7% | 8.3% | 10 |
| 2010s | 1.4% | -0.3% | 3.9% | 10 |
| 2020s | 5.9% | 1.2% | 14.2% | 6 |
Countries ranked near North Macedonia
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 US$), annual growth 13.49 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8702 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 9,129 current US$ per person (2025)
- 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)
Frequently asked questions
- What is inflation of consumer prices in North Macedonia?
- Inflation of consumer prices in North Macedonia was 4.1% in 2025, according to International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest inflation of consumer prices recorded in North Macedonia?
- The highest recorded value was 126.6% in 1994.
- What is the lowest inflation of consumer prices recorded in North Macedonia?
- The lowest recorded value was -1.3% in 1999.
- How does North Macedonia rank for inflation of consumer prices?
- North Macedonia ranks 60th out of 190 countries with data for 2025.
- Is inflation of consumer prices rising or falling in North Macedonia?
- Over the last ten years it is up 1,457.9%. The long-run trend across the full record is volatile.
- Where does this North Macedonia data come from?
- The figures come from International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Inflation of consumer prices. Statizoid updates them automatically from the source API.
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About this data
Annual changes in the cost to the average consumer of acquiring a set basket of goods and services. This measure is used to track changes in living costs over time.