North Macedonia — Inflation
Inflation, Consumer Prices (Annual %) for North Macedonia, 1994–2025.
Latest value · 2025
4.07%
Inflation, Consumer Prices (Annual %) · annual % · -96.8% since 1994
Inflation for North Macedonia was 4.07% in 2025, according to the latest World Bank data. The series covers 32 years, from 1994 to 2025. The highest recorded value was 126.58% in 1994. The lowest was -1.28% in 1999 (about -3.2× the low point). Across that span the compound annual growth rate works out to -10.49% per year.
North Macedonia ranks 58 of 187 economies on this measure (1 = highest), putting it in the top 31%. The median for Europe & Central Asia is 3.79%, so North Macedonia sits above it. It peaked in 1994 and has fallen 97% since. Over the last decade (2015–2025) the figure moved up 1458%.
Key figures
Latest (2025)
4.07%
First (1994)
126.58%
Change
-96.8%
Highest
126.58%
in 1994
Lowest
-1.28%
in 1999
Average
7.00%
Annual growth (CAGR)
-10.49%
Years of data
32
Recent years
| Year | annual % |
|---|---|
| 2025 | 4.07% |
| 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% |
Reading this correctly. Annual percentage change in the cost to the average consumer of acquiring a basket of goods and services. A negative value means deflation. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.