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North Macedonia Annual Inflation Rate

North Macedonia's annual inflation rate fell to 3.49% in 2024, down from 9.36% in 2023, according to World Bank. This represents a decrease of 5.87% from the previous year. North Macedonia has annual inflation rate higher than the global median (3.49% vs median 3.16%). Compared with the median in Europe, North Macedonia is higher (3.49% vs regional median 2.76%) and ranks 12th out of 43 countries in Europe.

Yearly Historical Data (1994-2024)

(in %)
Year Annual Inflation Rate (%)
2024 3.49%
2023 9.36%
2022 14.2%
2021 3.23%
2020 1.2%
2019 0.77%
2018 1.46%
2017 1.35%
2016 -0.24%
2015 -0.3%
2014 -0.28%
2013 2.79%
2012 3.32%
2011 3.9%
2010 1.51%
2009 -0.74%
2008 8.33%
2007 2.25%
2006 3.21%
2005 0.53%
2004 -0.45%
2003 0.86%
2002 2.31%
2001 5.2%
2000 6.61%
1999 -1.28%
1998 0.54%
1997 1.29%
1996 2.47%
1995 16.37%
1994 126.58%
North Macedonia Annual Inflation Rate : Definition
Annual Inflation Rate measures the yearly percentage increase in consumer prices in North Macedonia.