Inflation, consumer prices in North Macedonia

North Macedonia: Inflation, consumer prices was 4.1% in 2025. ◆ Volatile

Latest (2025)
4.1%
Change on year
up 16.7%
World rank
60th
of 191 countries
All-time high
126.6%
in 1994
All-time low
-1.3%
in 1999
Years of data
32
1994–2025

Inflation, consumer prices in North Macedonia, 1994–2025

0501001501994200920251994: 126.6 annual %1995: 16.4 annual %1996: 2.5 annual %1997: 1.3 annual %1998: 0.544 annual %1999: -1.3 annual %2000: 6.6 annual %2001: 5.2 annual %2002: 2.3 annual %2003: 0.856 annual %2004: -0.449 annual %2005: 0.526 annual %2006: 3.2 annual %2007: 2.3 annual %2008: 8.3 annual %2009: -0.74 annual %2010: 1.5 annual %2011: 3.9 annual %2012: 3.3 annual %2013: 2.8 annual %2014: -0.282 annual %2015: -0.3 annual %2016: -0.239 annual %2017: 1.4 annual %2018: 1.5 annual %2019: 0.766 annual %2020: 1.2 annual %2021: 3.2 annual %2022: 14.2 annual %2023: 9.4 annual %2024: 3.5 annual %2025: 4.1 annual %

Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.

Analysis

North Macedonia recorded 4.1% for inflation, consumer prices in 2025.

The figure is up 16.7% on the previous year and up 1,457.9% over ten years.

Over the whole period, inflation, 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 191 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.

Averages by decade

DecadeAverage LowestHighest 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

  1. 57 Aruba 4.3% compare
  2. 58 Chile 4.2% compare
  3. 59 Iceland 4.1% compare
  4. 61 Kenya 4.1% compare
  5. 62 Paraguay 4.0% compare
  6. 63 Maldives 4.0% compare

See the full ranking of 238 places →

More economy & growth data for North Macedonia

All data for North Macedonia →

Frequently asked questions

What is inflation, consumer prices in North Macedonia?
Inflation, consumer prices in North Macedonia was 4.1% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
What is the highest inflation, consumer prices recorded in North Macedonia?
The highest recorded value was 126.6% in 1994.
What is the lowest inflation, consumer prices recorded in North Macedonia?
The lowest recorded value was -1.3% in 1999.
How does North Macedonia rank for inflation, consumer prices?
North Macedonia ranks 60th out of 191 countries with data for 2025.
Is inflation, 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 Financial Statistics database, International Monetary Fund (IMF), published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 32 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Inflation, consumer prices (annual %)
Unit
annual %
Source
International Financial Statistics database, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
238 places, 11,469 data points, 1960–2025
Last refreshed

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly.