2026.01.1211:23:32UTC+00Macedonia Producer Inflation Falls to 14-Month Low

In November 2025, North Macedonia experienced a slowdown in its annual producer inflation rate, which decreased to 3.9% from 4.1% in October. This represents the lowest rate of inflation since September 2024. The deceleration in price growth was primarily due to reduced increases in energy prices, which fell to 6.1% from 6.9% the previous month, and a slight easing in the prices of intermediate products, excluding energy, which declined to 1.9% from 2.1%. Additionally, the cost pressures for capital goods lessened, with inflation decreasing to 8.0% from 8.2%. Prices for durable goods notably entered a downward trend, dropping by 2.0% after a prior increase of 0.3%. Conversely, there was a notable uptake in producer inflation for consumer products, increasing to 3.4% from 2.4%, and for non-perishable goods, which rose to 3.8% from 2.6%. On a month-to-month comparison, producer prices climbed by 0.5% in November, following an uptick of 0.3% the previous month. From January to November, the average producer inflation rate settled at 5.4%.