The annual producer inflation in Macedonia rose to 5.5% in November 2024, up from 5.1% in the previous month. This marked the seventh consecutive month of rising producer prices and the highest level since February 2023, primarily due to higher prices for capital goods (11.7% vs 9.9% in October). Meanwhile, energy costs rose at a softer pace (13.1% vs 14.6%), while prices for consumer goods remained steady at 6.3%. Within the consumer goods category, prices for durable goods increased sharply (6.2% vs 4.7%), while those for non-durable goods eased slightly (6.3% vs 6.4%). At the same time, costs for intermediate goods excluding energy continued to decline, though at a slower rate (-7.7% vs -8.1%). On a monthly basis, producer prices advanced by 0.6% in November, following a 0.7% rise in October. source: State Statistical Office of the Republic of Macedonia

Producer Prices in Macedonia increased 5.50 percent in November of 2024 over the same month in the previous year. Producer Prices Change in Macedonia averaged 2.77 percent from 2011 until 2024, reaching an all time high of 20.57 percent in February of 2011 and a record low of -5.50 percent in October of 2015. This page provides the latest reported value for - Macedonia Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. North Macedonia Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Producer Prices in Macedonia increased 5.50 percent in November of 2024 over the same month in the previous year. Producer Prices Change in Macedonia is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the North Macedonia Producer Prices Change is projected to trend around 2.70 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-12-10 11:00 AM
PPI YoY
Oct 5.1% 3.5% 3.8%
2025-01-10 11:05 AM
PPI YoY
Nov 5.5% 5.1% 4.8%
2025-02-10 11:00 AM
PPI YoY
Dec 5.5% 3.8%

Components Last Previous Unit Reference
Inflation Rate YoY 4.40 4.30 percent Dec 2024

Related Last Previous Unit Reference
Consumer Price Index CPI 156.07 155.60 points Dec 2024
Core Consumer Prices 154.49 153.52 points Dec 2024
Core Inflation Rate 4.96 4.91 percent Dec 2024
Food Inflation 5.60 5.70 percent Dec 2024
GDP Deflator 103.60 107.70 percent Dec 2023
Inflation Rate MoM 0.30 1.00 percent Dec 2024
Producer Prices 119.10 118.30 points Nov 2024
PPI YoY 5.50 5.10 percent Nov 2024

North Macedonia Producer Prices Change
In Macedonia, the industrial producer price indices measure the changes of the industrial producer price levels of the industrial products/services produced in the country and sold on the domestic market and the non-domestic market. The sample of 2010 (as base year) for the industrial producer price indices covers 394 enterprises with 1274 industrial products/services.
Actual Previous Highest Lowest Dates Unit Frequency
5.50 5.10 20.57 -5.50 2011 - 2024 percent Monthly
2015=100


News Stream
Macedonia Producer Inflation Rises Further to 5.5%
The annual producer inflation in Macedonia rose to 5.5% in November 2024, up from 5.1% in the previous month. This marked the seventh consecutive month of rising producer prices and the highest level since February 2023, primarily due to higher prices for capital goods (11.7% vs 9.9% in October). Meanwhile, energy costs rose at a softer pace (13.1% vs 14.6%), while prices for consumer goods remained steady at 6.3%. Within the consumer goods category, prices for durable goods increased sharply (6.2% vs 4.7%), while those for non-durable goods eased slightly (6.3% vs 6.4%). At the same time, costs for intermediate goods excluding energy continued to decline, though at a slower rate (-7.7% vs -8.1%). On a monthly basis, producer prices advanced by 0.6% in November, following a 0.7% rise in October.
2025-01-10
Macedonia Producer Inflation at Over 1-½-Year High
The annual producer inflation in Macedonia increased to 5.1% in October 2024, accelerating from 3.5% in September. This marked the highest level since February 2023, driven by faster price increases across most sub-indexes, including energy (+14.6% vs. +13.2% in September), capital goods (+9.9% vs. +7.2%), and durable goods (+4.7% vs. +0.4%). Producer inflation for consumer goods also edged up slightly to 6.3%, compared to 6.2% in the previous month. Meanwhile, deflation persisted for intermediate goods excluding energy, which fell 8.1%, though this was a softer decline than the 10% drop recorded in September. On a monthly basis, producer prices rose 0.7%, picking up from a 0.3% increase in the prior period.
2024-12-10
North Macedonia Producer Price Growth Hit 19-Month High
Producer prices in Macedonia rose by 3.5% year-on-year in September 2024, following a 3% increase in the previous month, marking the highest reading since February 2023. Prices accelerated for energy (13.2% vs 12.1% in August 2024), capital goods (7.2% vs 6.4%) and consumer goods (6.2% vs 5.6%). Meanwhile, prices deflated at a slightly slower rate for intermediate goods excluding energy (-10% vs -10.2%). On a monthly basis, prices rose 0.3% in September, following a 0.5% increase in the previous month.
2024-11-11