Development of inflation rates in North Macedonia
The inflation rate for consumer prices in North Macedonia moved over the past 26 years between -1.3% and 126.6%. For 2020, an inflation rate of 1.2% was calculated.During the observation period from 1994 to 2020, the average inflation rate was 7.3% per year. Overall, the price increase was 315.91 %. An item that cost 100 Denar in 1994 was so charged 415.91 Denar in the beginning of 2021.
› Inflation rates in global comparison
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Performance over the last 26 years compared to the US
In only a few countries negative inflation rates are achieved. This means that the general price level is declining and consumer prices get cheaper. This case is called deflation.In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Performance based on 100% in 1993:
Inflation calculator for North Macedonia
Enter any amount, an initial year and an end year here. You will then be issued with the amount that arose from the original amount after inflation. Example: 1000 Denar in 1994 corresponds to an amount of 4,159.12 Denar at the beginning of 2021 due to inflation.Development of inflation rates for consumer goods in North Macedonia
Historical inflation rates in comparison
| Year | North Macedonia | Ø USA | Ø World |
|---|---|---|---|
| 2020 | 1.20 % | 1.23 % | 1.89 % |
| 2019 | 0.77 % | 1.81 % | 2.21 % |
| 2018 | 1.46 % | 2.44 % | 2.44 % |
| 2017 | 1.35 % | 2.13 % | 2.19 % |
| 2016 | -0.24 % | 1.26 % | 1.55 % |
| 2015 | -0.30 % | 0.12 % | 1.43 % |
| 2014 | -0.28 % | 1.62 % | 2.35 % |
| 2013 | 2.79 % | 1.46 % | 2.62 % |
| 2012 | 3.32 % | 2.07 % | 3.73 % |
| 2011 | 3.90 % | 3.16 % | 4.82 % |
| 2010 | 1.51 % | 1.64 % | 3.35 % |
| 2009 | -0.74 % | -0.36 % | 2.94 % |
| 2008 | 8.33 % | 3.84 % | 8.95 % |
| 2007 | 2.25 % | 2.85 % | 4.82 % |
| 2006 | 3.21 % | 3.23 % | 4.28 % |
| 2005 | 0.53 % | 3.39 % | 4.11 % |
| 2004 | -0.45 % | 2.68 % | 3.38 % |
| 2003 | 0.86 % | 2.27 % | 3.03 % |
| 2002 | 2.31 % | 1.59 % | 2.83 % |
| 2001 | 5.20 % | 2.83 % | 3.84 % |
| 2000 | 6.61 % | 3.38 % | 3.49 % |
| 1999 | -1.28 % | 2.19 % | 3.08 % |
| 1998 | 0.54 % | 1.55 % | 5.11 % |
| 1997 | 1.29 % | 2.34 % | 5.57 % |
| 1996 | 2.47 % | 2.93 % | 6.55 % |
| 1995 | 16.37 % | 2.81 % | 9.15 % |
| 1994 | 126.58 % | 2.61 % | 10.32 % |
Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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Country comparison North Macedonia : United States
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