Macedonia’s consumer price index (CPI) rose by 1.9% y/y in October, speeding up slightly from a 1.7% y/y increase a month before, the statistics agency said on November 7.
The inflation rate is expected to reach 2% in 2018, according to the central bank's latest projections. In terms of the future inflation, the latest projections point out to maintaining the environment of stable prices and absence of significant inflationary pressures. In the last seven years, the biggest annual inflation in October was reached in 2012, of 5.3%.
In October 2017, prices of communications services increased the most, by 9.5% y/y, followed by transport prices (+7.5%). Prices of alcoholic beverages and tobacco went up by 6.6% y/y while those of food were higher by 1% y/y.
On a monthly basis, CPI edged up by 0.3% in October, whereas transport prices increased the most, by 1.4% m/m.
In the first ten months of 2017, inflation stood at 1.2%.
The retail price index (RPI) rose by 4.3% y/y in October, while it ticked up 0.3% on a monthly basis.