North Macedonia — Inflation
Inflation, Consumer Prices (Annual %) for North Macedonia, 1994–2025.
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 57 of 187 economies on this measure (1 = highest), putting it in the top 30%. The median for Europe & Central Asia is 3.75%, 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%. Within Europe & Central Asia it ranks 15 of 49 economies; Slovak Republic (4.00%) is just below it. Its sharpest one-year move was up 665% in 2017. That is 16% above this series' own ten-year average.
Data highlights
World ranking. Slipped: 14th of 151 in 1994 → 46th of 163 in 2000 → 142nd of 186 in 2010 → 110th of 178 in 2020 → 48th of 169 in 2025.
Key figures
Full history — 1994 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 4.07% | +0.6 pp |
| 2024 | 3.49% | -5.9 pp |
| 2023 | 9.36% | -4.8 pp |
| 2022 | 14.2% | +11.0 pp |
| 2021 | 3.23% | +2.0 pp |
| 2020 | 1.2% | +0.4 pp |
| 2019 | 0.77% | -0.7 pp |
| 2018 | 1.46% | +0.1 pp |
| 2017 | 1.35% | +1.6 pp |
| 2016 | -0.24% | +0.1 pp |
| 2015 | -0.3% | -0.0 pp |
| 2014 | -0.28% | -3.1 pp |
| 2013 | 2.79% | -0.5 pp |
| 2012 | 3.32% | -0.6 pp |
| 2011 | 3.9% | +2.4 pp |
| 2010 | 1.51% | +2.2 pp |
| 2009 | -0.74% | -9.1 pp |
| 2008 | 8.33% | +6.1 pp |
| 2007 | 2.25% | -1.0 pp |
| 2006 | 3.21% | +2.7 pp |
| 2005 | 0.53% | +1.0 pp |
| 2004 | -0.45% | -1.3 pp |
| 2003 | 0.86% | -1.5 pp |
| 2002 | 2.31% | -2.9 pp |
| 2001 | 5.2% | -1.4 pp |
| 2000 | 6.61% | +7.9 pp |
| 1999 | -1.28% | -1.8 pp |
| 1998 | 0.54% | -0.8 pp |
| 1997 | 1.29% | -1.2 pp |
| 1996 | 2.47% | -13.9 pp |
| 1995 | 16.37% | -110.2 pp |
| 1994 | 126.58% | — |
Frequently asked questions
What was North Macedonia’s Inflation in 1995?
16.37% (1995). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is North Macedonia’s Inflation growing or shrinking?
Between 1994 and 2025 the series was shrinking overall: -96.8% in total — about 10.5% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 4.07%; 2024: 3.49%; 2023: 9.36%; 2022: 14.2%; 2021: 3.23%. Earlier years are in the full-history table below.
Related data
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.