North Macedonia Forecast: Consumer Price Index Growth

1993 - 2028 | Yearly | % | International Monetary Fund

Key information about North Macedonia Consumer Price Index Growth Forecast

  • North Macedonia Consumer Price Index Growth is forecasted to be 3.500 % in Dec 2024 as reported by International Monetary Fund
  • It records remained the same from the last reported number of 9.200 % in Dec 2023
  • Looking ahead, North Macedonia Consumer Price Index Growth is projected to stand at 2.000 % in Dec 2028
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: Consumer Price Index: Average Consumer Price: YoY

View North Macedonia's Forecast: Consumer Price Index Growth from 1993 to 2028 in the chart:

North Macedonia Forecast: Consumer Price Index Growth

What is North Macedonia's Forecast: Consumer Price Index Growth in 2028?

North Macedonia Consumer Price Index Growth is forecasted to be 3.500 % in Dec 2024 as reported by International Monetary Fund See the table below for more data.

Last Previous Min Max Unit Frequency Range
2.000 2028 2.000 2027 -1.279 1999 338.684 1993 % yearly 1993 - 2028

Forecast: Consumer Price Index Growth by Country Comparison

country/region Last Frequency Range
Afghanistan (%) -4.263 2024 yearly 2003 - 2024
Albania (%) 3.024 2028 yearly 1990 - 2028
Algeria (%) 5.032 2028 yearly 1980 - 2028
Andorra (%) 1.700 2030 yearly 2002 - 2030
Angola (%) 8.890 2028 yearly 1980 - 2028
Antigua and Barbuda (%) 2.018 2028 yearly 1980 - 2028
Argentina (%) 32.469 2028 yearly 1998 - 2028
Armenia (%) 4.017 2028 yearly 1993 - 2028
Aruba (%) 2.289 2030 yearly 1987 - 2030
Australia (%) 2.574 2028 yearly 1980 - 2028
Austria (%) 2.067 2030 yearly 1980 - 2030
Azerbaijan (%) 4.000 2028 yearly 1993 - 2028
Bahamas (%) 1.982 2028 yearly 1980 - 2028
Bahrain (%) 2.003 2028 yearly 1980 - 2028
Bangladesh (%) 5.500 2028 yearly 1980 - 2028
Barbados (%) 2.427 2028 yearly 1980 - 2028
Belarus (%) 5.020 2028 yearly 1993 - 2028
Belgium (%) 1.970 2028 yearly 1980 - 2028
Belize (%) 1.207 2028 yearly 1980 - 2028
Benin (%) 2.000 2028 yearly 1980 - 2028
Bhutan (%) 3.960 2028 yearly 1980 - 2028
Bolivia (%) 3.500 2028 yearly 1980 - 2028
Bosnia and Herzegovina (%) 2.021 2028 yearly 1997 - 2028
Botswana (%) 4.500 2028 yearly 1980 - 2028
Brazil (%) 2.965 2028 yearly 1980 - 2028
Brunei (%) 1.000 2028 yearly 1982 - 2028
Bulgaria (%) 2.000 2028 yearly 1981 - 2028
Burkina Faso (%) 2.000 2028 yearly 1980 - 2028
Burundi (%) 7.000 2028 yearly 1980 - 2028
Cambodia (%) 3.000 2028 yearly 1987 - 2028
Cameroon (%) 2.000 2028 yearly 1980 - 2028
Canada (%) 1.968 2028 yearly 1980 - 2028
Cape Verde (%) 2.000 2028 yearly 1980 - 2028
Central African Republic (%) 2.535 2028 yearly 1980 - 2028
Chad (%) 2.968 2028 yearly 1980 - 2028
Chile (%) 3.041 2028 yearly 1980 - 2028
China (%) 2.200 2028 yearly 1981 - 2028
Colombia (%) 2.960 2028 yearly 1980 - 2028
Comoros (%) 1.967 2028 yearly 1980 - 2028
Congo (%) 3.000 2028 yearly 1980 - 2028
Costa Rica (%) 3.000 2028 yearly 1980 - 2028
Croatia (%) 2.079 2028 yearly 1993 - 2028
Cyprus (%) 2.000 2028 yearly 1980 - 2028
Czech Republic (%) 2.000 2028 yearly 1996 - 2028
Democratic Republic of Congo (%) 6.000 2028 yearly 1980 - 2028
Denmark (%) 2.000 2028 yearly 1980 - 2028
Djibouti (%) 2.500 2028 yearly 1992 - 2028
Dominica (%) 2.000 2028 yearly 1980 - 2028
Dominican Republic (%) 4.033 2028 yearly 1980 - 2028
Ecuador (%) 1.543 2028 yearly 1980 - 2028
Egypt (%) 5.259 2030 yearly 1980 - 2030
El Salvador (%) 1.700 2028 yearly 1980 - 2028
Equatorial Guinea (%) 3.000 2028 yearly 1981 - 2028
Eritrea (%) 4.370 2028 yearly 1993 - 2028
Estonia (%) 2.500 2028 yearly 1994 - 2028
Swaziland (%) 4.406 2028 yearly 1980 - 2028
Ethiopia (%) 9.436 2030 yearly 1980 - 2030
Fiji (%) 2.500 2028 yearly 1980 - 2028
Finland (%) 2.000 2030 yearly 1980 - 2030
France (%) 1.557 2028 yearly 1980 - 2028
Gabon (%) 2.662 2028 yearly 1980 - 2028
Gambia (%) 5.000 2028 yearly 1980 - 2028
Georgia (%) 3.007 2028 yearly 1997 - 2028
Germany (%) 1.964 2028 yearly 1980 - 2028
Ghana (%) 8.000 2028 yearly 1980 - 2028
Greece (%) 2.000 2030 yearly 1980 - 2030
Grenada (%) 1.999 2028 yearly 1980 - 2028
Guatemala (%) 3.970 2028 yearly 1980 - 2028
Guinea (%) 7.500 2028 yearly 1980 - 2028
Guinea-Bissau (%) 2.000 2028 yearly 1980 - 2028
Guyana (%) 5.032 2028 yearly 1980 - 2028
Haiti (%) 9.726 2028 yearly 1980 - 2028
Honduras (%) 4.000 2028 yearly 1980 - 2028
Hong Kong SAR, China (%) 2.500 2028 yearly 1980 - 2028
Hungary (%) 3.057 2028 yearly 1980 - 2028
Iceland (%) 2.500 2030 yearly 1980 - 2030
India (%) 4.000 2030 yearly 1980 - 2030
Indonesia (%) 2.461 2028 yearly 1980 - 2028
Iran (%) 25.000 2030 yearly 1980 - 2030
Iraq (%) 2.000 2028 yearly 2005 - 2028
Ireland (%) 2.030 2030 yearly 1980 - 2030
Israel (%) 2.085 2028 yearly 1980 - 2028
Italy (%) 2.000 2030 yearly 1980 - 2030
Ivory Coast (%) 2.000 2028 yearly 1980 - 2028
Jamaica (%) 5.000 2028 yearly 1980 - 2028
Japan (%) 1.999 2030 yearly 1980 - 2030
Jordan (%) 2.489 2028 yearly 1980 - 2028
Kazakhstan (%) 4.698 2028 yearly 1993 - 2028
Kenya (%) 5.000 2028 yearly 1980 - 2028
Kiribati (%) 1.800 2028 yearly 1980 - 2028
South Korea (%) 2.000 2030 yearly 1980 - 2030
Kosovo (%) 2.000 2030 yearly 2001 - 2030
Kuwait (%) 2.011 2028 yearly 1980 - 2028
Kyrgyzstan (%) 4.000 2028 yearly 1993 - 2028
Laos (%) 3.000 2028 yearly 1980 - 2028
Latvia (%) 2.479 2028 yearly 1993 - 2028
Lebanon (%) 84.880 2020 yearly 1980 - 2020
Lesotho (%) 5.500 2028 yearly 1980 - 2028
Liberia (%) 4.988 2028 yearly 1999 - 2028
Libya (%) 2.863 2028 yearly 1980 - 2028

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North Macedonia Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.6 2024 yearly 1993 - 2024
Consolidated Fiscal Balance (USD mn) -764.028 2024 yearly 2009 - 2024
Tax Revenue (USD mn) 226.694 Jan 2026 monthly Jan 2004 - Jan 2026
Tax Revenue: % of GDP (%) 17.9 Dec 2025 quarterly Mar 2004 - Dec 2025
National Government Debt (USD mn) 10,272.3 Dec 2025 quarterly Dec 2009 - Dec 2025
Government Debt: % of GDP (%) 51.8 Dec 2025 quarterly Dec 2009 - Dec 2025
Forecast: Government Expenditure (MKD bn) 502.991 2030 yearly 1997 - 2030
Forecast: Government Net Debt (MKD bn) 752.318 2030 yearly 1999 - 2030
Forecast: Government Revenue (MKD bn) 468.709 2030 yearly 1997 - 2030
Central Government Budget: Financing (MKD mn) 9,830.000 Jan 2026 monthly Jan 2004 - Jan 2026
Central Government Budget: Revenue: TC: Tax: Excises (MKD mn) 2,323.000 Jan 2026 monthly Jan 2004 - Jan 2026
Central Government Budget Balance (MKD mn) -9,830.000 Jan 2026 monthly Jan 2004 - Jan 2026
Central Government Budget: Expenditure: Current (MKD mn) 27,421.000 Jan 2026 monthly Jan 2004 - Jan 2026
Central Government Budget: Revenue (MKD mn) 22,433.000 Jan 2026 monthly Jan 2004 - Jan 2026
Central Government Budget: Expenditure (MKD mn) 32,263.000 Jan 2026 monthly Jan 2004 - Jan 2026
Central Government Budget: Revenue: TC: Tax: VAT (MKD mn) 4,595.000 Jan 2026 monthly Jan 2004 - Jan 2026
Central Government Budget: Expenditure: Capital (MKD mn) 4,842.000 Jan 2026 monthly Jan 2004 - Jan 2026
Public Debt: Domestic (EUR mn) 3,800.301 2024 yearly 1999 - 2024
Public Debt: External (EUR mn) 5,825.057 2024 yearly 1999 - 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 4.913 2028 yearly 1993 - 2028
Trade Balance (USD mn) -309.0 Jan 2026 monthly Dec 1993 - Jan 2026
Total Exports (USD mn) 622.1 Jan 2026 monthly Jan 2002 - Jan 2026
Total Exports Growth (%) 10.3 Sep 2025 monthly Jan 2003 - Sep 2025
Aluminum: Exports (USD th) 2,950.942 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 173,759.623 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 2,463.067 2024 yearly 1995 - 2024
Total Imports (USD mn) 931.1 Jan 2026 monthly Jan 2002 - Jan 2026
Total Imports Growth (%) 5.9 Jan 2026 monthly Jan 2003 - Jan 2026
Imports: Medicament (USD th) 226,116.306 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 80,622.846 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 4.106 Jan 2026 monthly Jan 1999 - Jan 2026
Total Imports from USA (USD mn) 12.448 Jan 2026 monthly Jan 1993 - Jan 2026
Total Exports to China (USD mn) 3.093 Jan 2026 monthly Jan 1999 - Jan 2026
Total Imports from China (USD mn) 88.061 Jan 2026 monthly Aug 1996 - Jan 2026
Exports: Kosovo (USD th) 18,752.914 Jan 2026 monthly Jan 2013 - Jan 2026
Exports: Germany (USD th) 253,109.477 Jan 2026 monthly Jan 2013 - Jan 2026
Exports: Czech Republic (USD th) 23,199.934 Jan 2026 monthly Jan 2013 - Jan 2026
Exports: China (USD th) 3,092.572 Jan 2026 monthly Jan 2013 - Jan 2026
Exports: Bulgaria (USD th) 35,118.756 Jan 2026 monthly Jan 2013 - Jan 2026
Imports: USA (USD th) 12,447.778 Jan 2026 monthly Jan 2013 - Jan 2026
Imports: Greece (USD th) 84,394.702 Jan 2026 monthly Jan 2013 - Jan 2026
Imports: Great Britain (USD th) 205,867.500 Jan 2026 monthly Jan 2013 - Jan 2026
Imports: Germany (USD th) 76,339.414 Jan 2026 monthly Jan 2013 - Jan 2026
Imports: China (USD th) 88,060.729 Jan 2026 monthly Jan 2013 - Jan 2026
Import Value Index (2015=100) 177.142 2021 yearly 1995 - 2021
Export Value Index (2015=100) 180.473 2021 yearly 1995 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 62.4 Sep 2025 monthly Jan 2001 - Sep 2025
Current Account Balance (USD mn) 37.6 Sep 2025 monthly Jan 2001 - Sep 2025
Current Account Balance: % of GDP (%) -5.6 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Direct Investment (USD mn) 68.0 Sep 2025 monthly Jan 2001 - Sep 2025
Foreign Direct Investment: % of GDP (%) 0.5 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Portfolio Investment (USD mn) 22.461 Dec 2025 quarterly Mar 1998 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 0.4 Dec 2025 quarterly Mar 2000 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 0.2 Dec 2025 quarterly Mar 1996 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 22.286 Dec 2025 quarterly Mar 1998 - Dec 2025
External Debt (USD mn) 14,242.0 Sep 2025 quarterly Dec 2005 - Sep 2025
External Debt: % of GDP (%) 78.0 2024 yearly 2004 - 2024
External Debt: Short Term (USD mn) 3,667.5 Sep 2025 quarterly Dec 2005 - Sep 2025
External Debt: Short Term: % of GDP (%) 19.4 2024 yearly 2004 - 2024
Total Debt: % of GDP (%) 335.0 2023 yearly 2013 - 2023
Forecast: Current Account Balance (USD bn) -0.648 2030 yearly 1992 - 2030
Net International Investment Position (USD mn) -10,243.560 Sep 2025 quarterly Dec 2006 - Sep 2025
BoP: CA: Primary Income (PI) (USD mn) -76.758 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: SI: Credit (USD mn) 331.474 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Services (USD mn) 83.792 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Net Errors & Omissions (USD mn) -2.908 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: SI: Debit (USD mn) 24.535 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) 34.832 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: Financial Derivatives & Employee Stock Options: excl Reserves (USD mn) 0.000 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -65.253 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: Credit (USD mn) 1,320.558 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: Debit (USD mn) 1,358.268 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) -7.355 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: PI: Debit (USD mn) 102.693 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 62.437 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Reserve Assets (USD mn) -120.323 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Capital Account: Credit (USD mn) 0.048 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Capital Account (USD mn) -0.127 Sep 2025 monthly Jan 2001 - Sep 2025
Balance of Payments (BoP): Current Account (CA) (USD mn) -178.446 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: Secondary Income (SI) (USD mn) 306.939 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Portfolio Investment (PI) (USD mn) 105.854 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: Direct Investment (DI) (USD mn) -5.595 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: Other Investment (OI) (USD mn) 102.630 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: Financial Account (FA) (USD mn) -153.901 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: PI: Credit (USD mn) 27.936 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: CA: GS: Services: Debit (USD mn) 235.032 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Goods (USD mn) -273.325 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Services: Credit (USD mn) 318.824 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 270.039 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 68.032 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Goods: Debit (USD mn) 1,077.955 Dec 2025 monthly Jan 2001 - Dec 2025
BoP: Capital Account: Debit (USD mn) 0.176 Sep 2025 monthly Jan 2001 - Sep 2025
BoP: CA: GS: Goods: Credit (USD mn) 641.390 Dec 2025 monthly Jan 2001 - Dec 2025
Gross External Debt: GG: Long Term (LT) (EUR mn) 4,057.980 Sep 2025 quarterly Mar 2006 - Sep 2025
Gross External Debt: GG: Short Term (ST) (EUR mn) 0.000 Sep 2025 quarterly Mar 2006 - Sep 2025
Gross External Debt: MI: Private (EUR mn) 6,620.287 Sep 2025 quarterly Mar 2006 - Sep 2025
Gross External Debt: Memorandum Items (MI): Public (EUR mn) 5,528.487 Sep 2025 quarterly Mar 2006 - Sep 2025
FDI: Flow: United States of America (EUR mn) 6.594 Dec 2025 quarterly Mar 2008 - Dec 2025
FDI: Flow: Austria (EUR mn) -17.989 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: Belgium (EUR mn) -2.770 Dec 2025 quarterly Mar 2008 - Dec 2025
FDI: Flow: Turkey (EUR mn) 23.857 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: United Kingdom (EUR mn) -13.903 Sep 2025 quarterly Mar 2008 - Sep 2025
FDI: Flow: NACE 2: Agriculture, Forestry & Fishing (EUR mn) 6.334 Sep 2025 quarterly Mar 2009 - Sep 2025
FDI: Flow: NACE 2: Mining & Quarrying (EUR mn) -3.361 Dec 2025 quarterly Mar 2009 - Dec 2025
FDI: Flow: NACE 2: Manufacturing (EUR mn) -45.634 Sep 2025 quarterly Mar 2009 - Sep 2025
FDI: Flow: NACE 2: Construction (EUR mn) 23.826 Sep 2025 quarterly Mar 2009 - Sep 2025
FDI: Flow: NACE 2: Services (EUR mn) -25.282 Sep 2025 quarterly Mar 2009 - Sep 2025
Foreign Direct Investment (FDI): Flow (USD mn) 21.374 Sep 2025 monthly Jan 2007 - Sep 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.2 Sep 2025 quarterly Dec 2005 - Sep 2025
Household Debt: % of GDP (%) 26.6 Dec 2025 quarterly Mar 2003 - Dec 2025
Non-Performing Loans (USD mn) 233.627 Sep 2025 quarterly Dec 2005 - Sep 2025
Money Supply M1 (USD mn) 6,360.078 Jan 2026 monthly Jan 2003 - Jan 2026
Money Supply M2 (USD mn) 10,952.308 Jan 2026 monthly Jan 2003 - Jan 2026
M2 Growth (%) 11.6 Jan 2026 monthly Jan 2004 - Jan 2026
Reserve Requirement Ratio (%) 9.0 Dec 2025 monthly Jan 2004 - Dec 2025
Foreign Exchange Reserves (USD mn) 5,421.8 Feb 2026 monthly Dec 1993 - Feb 2026
Foreign Exchange Reserves: % of GDP (%) 24.328 Dec 2025 quarterly Dec 2000 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 5.9 Jan 2026 monthly Jan 2002 - Jan 2026
Gold Reserves (USD mn) 1,146.750 Feb 2026 monthly Dec 1992 - Feb 2026
Total Deposits (USD mn) 12,702.757 Jan 2026 monthly Jan 2003 - Jan 2026
Total Deposits Growth (%) 10.5 Jan 2026 monthly Jan 2004 - Jan 2026
Domestic Credit (USD mn) 12,194.5 Jan 2026 monthly Jan 2003 - Jan 2026
Domestic Credit Growth (%) 12.8 Jan 2026 monthly Jan 2004 - Jan 2026
Household Debt (USD mn) 5,396.7 Jan 2026 monthly Jan 2003 - Jan 2026
Total Loans (USD mn) 10,885.866 Jan 2026 monthly Jan 2003 - Jan 2026
Total Loans Growth (%) 13.57 Jan 2026 monthly Jan 2004 - Jan 2026
Private Debt: % of Nominal GDP (%) 52.65 Dec 2025 quarterly Mar 2003 - Dec 2025
Official Reserve Assets (EUR mn) 5,558.019 Feb 2026 monthly Jan 2005 - Feb 2026
Official Reserve Assets: Foreign Currency (EUR mn) 4,586.206 Feb 2026 monthly Jan 2005 - Feb 2026
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -2.9 Dec 2022 monthly Apr 2002 - Dec 2022

More Indicators for North Macedonia

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