Inflation in Macedonia

Macedonia Inflation | Economic News & Forecasts

Macedonia - Inflation

The Macedonian economic recovery liked picked up in the third quarter, carried by a strong external sector and despite weak investment dynamics. In mid-November the government approved the 2019 draft budget, which proposes further fiscal consolidation efforts. The lion’s share of expenses is dedicated to the pension system, followed by social assistance benefits, while more capital spending is allocated on water, road and rail infrastructure. The government projects the fiscal deficit to narrow to 2.5% of GDP. Met the why particular panelists, however, expect a wider deficit given their projections of softer GDP growth.

Macedonia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)2.8  -0.3  -0.3  -0.2  1.4  

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Macedonia Inflation Chart

Macedonia Inflation
Note: Inflation, annual variation of consumer price index (CPI) in % (aop).
Source: State Statistical Office

Macedonia Facts

Exchange Rate54.26-0.56 %Dec 11
Stock Market0.10.0 %Nov 26

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