North Macedonia Consumer Price Index
Consumer price index (2010 = 100) FP.CPI.TOTL
North Macedonia's consumer price index was 165.78 in 2025, ranked 90th globally. This represents a 8.3% increase from 2024. Data from World Bank, covering 1993–2025.
Overview
North Macedonia's consumer price index stood at 165.78 in 2025, a rise of +12.66 from 2024. Based on recent trends, this figure is projected to reach 165.78 by 2025. North Macedonia ranked 90th globally.
North Macedonia’s Consumer Price Index reached 165.78 in 2025, marking its highest level in a 33-year span since the recorded trough of 27.59 in 1993. This sustained upward trajectory in prices reflects prolonged inflationary pressures since the post-Yugoslav transition period, with the cost of goods and services increasing more than sixfold over three decades. The 2025 reading places North Macedonia at rank 90 globally, positioning it close to Armenia, which recorded a CPI of 166.31 in the same year, suggesting similar macroeconomic dynamics in regional peers. While inflation has fluctuated amid external shocks, monetary policy adjustments, and energy market volatility, the persistent climb in the index indicates structural and demand-side factors shaping domestic price levels. The country’s integration into global markets and sensitivity to imported inflation remain key contributors. Absent significant supply-side reforms or external stabilization, the CPI is likely to continue rising, particularly if energy costs escalate or regional geopolitical tensions affect trade flows.
Data & projection
| Year | Consumer Price Index | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 187.03 | - | - |
| 2026* trend | 176.41 | - | - |
| 2025* trend | 165.78 | - | - |
| 2025 | 165.78 | +12.66 | #90 |
| 2024 | 153.12 | +5.16 | #82 |
| 2023 | 147.96 | +12.67 | #85 |
| 2022 | 135.29 | +16.83 | #79 |
| 2021 | 118.46 | +3.71 | #44 |
| 2020 | 114.76 | +1.36 | #43 |
| 2019 | 113.40 | +0.86 | #40 |
| 2018 | 112.53 | +1.62 | #44 |
| 2017 | 110.92 | +1.48 | #46 |
| 2016 | 109.44 | −0.26 | #49 |
| 2015 | 109.70 | −0.33 | #59 |
| 2014 | 110.03 | −0.31 | #70 |
| 2013 | 110.34 | +2.99 | #85 |
| 2012 | 107.35 | +3.45 | #77 |
| 2011 | 103.90 | +3.90 | #74 |
Detected Pattern
Analysis
North Macedonia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw consumer price index improve within 24 months. View full analysis →
Frequently Asked Questions
North Macedonia's consumer price index was 165.78 in 2025. Ranked 90th globally. This represents a 8.3% increase from the previous year.
North Macedonia's consumer price index peaked at 165.78 in 2025.
The lowest consumer price index in North Macedonia was 27.59 in 1993.
North Macedonia ranks 90th globally in consumer price index as of 2025.
The World Bank indicator code is FP.CPI.TOTL. Data sourced from World Bank.
North Macedonia's consumer price index is projected to reach 165.78 by 2025 based on trend extrapolation.
The consumer price index of North Macedonia in 2025 was 165.78. This ranks 90th in the world.
Cite this page
@misc{historysaid_north-macedonia_consumer-price-index,
title = {North Macedonia Consumer Price Index},
url = {https://historysaid.com/north-macedonia/consumer-price-index/},
publisher = {HistorySaid},
year = {2026}
}