Macedonia’s CPI deflation softens to 0.3% y/y in November

By bne IntelliNews December 9, 2014

Macedonia’s consumer prices fell by 0.3% y/y in November, following a 0.4% y/y decline in October, statistics office data showed. Compared to the previous month, consumer prices were flat in November.

The smaller CPI decline in November was supported by narrower y/y contractions in the groups of food and non-alcoholic beverages (to 0.1% from 0.7% in October) and restaurants and hotels (to 0.8% from 1.4%). In addition, the annual price growth accelerated in the groups of housing, water, electricity, gas and other fuels (to 1.6% from 1%) and health (to 2.3% from 2.1%).

On the other hand, the  y/y decline in prices widened in a number of other groups, including furnishings (to 2.4% from 1.5%), transport (to 3.9% from 2%), communication (to 2.5% from 2.4%), as well as recreation and culture (to 6.2% from 5.5%). The growth of consumer prices slowed down in education (to 0% from 0.2%) and miscellaneous goods and services (to 1.1% from 1.7%).

So far this year, the annual growth of CPI was negative in seven months – April, May, June, August, September, October and November. As a result, Macedonia reported an average deflation of 0.3% y/y in January-November.

CPI, % y/y        
  Structure, % Oct'14 Nov'14 Jan-Nov'14
CPI 100.0 -0.4 -0.3 -0.3
Food and non-alcoholic beverages 41.0 -0.7 -0.1 -1.1
Alcoholic beverages, tobacco  4.0 3.8 3.8 3.9
Clothing and footwear 6.9 0.1 0.1 0.7
Housing, water, electricity, gas and other fuels 13.4 1.0 1.6 -0.3
Furnishings, household equipment and routine maintenance of the house 5.3 -1.5 -2.4 -1.6
Health 3.5 2.1 2.3 8.4
Transport 8.7 -2.0 -3.9 -0.8
Communication 3.8 -2.4 -2.5 -0.9
Recreation and culture 2.5 -5.5 -6.2 -3.7
Education 1.1 0.2 0.0 0.2
Restaurants and hotels 5.5 -1.4 -0.8 -1.3
Miscellaneous goods and services 4.4 1.7 1.1 1.6
Source: Statistics office        
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Macedonia’s ex-PM Gruevski fears for his life, asks for additional bodyguards

Macedonian ex-prime minister and opposition leader Nikola Gruevski is seeking at least 20 more bodyguards from the state police, as he says he fears his life is threatened. Gruevski, leader of the ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Macedonia’s opposition VMRO-DPMNE tries to block parliament's work

Macedonia’s opposition VMRO-DPMNE party is trying to block the work of the parliament by forming 10 parliamentary groups instead of the single group that is normal for a political party.  ... more

Most Read

  1. Erdogan lashes out at Germany, Nato, says "God willing" he'll have Russian missiles soon
    19 hours ago
  2. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    1 day ago
  3. EU allows Gazprom to use an additional 40% of OPAL gas pipeline's capacity
    1 day ago
  4. Tajik president’s 23-year old daughter appointed deputy head of largest Tajik bank
    6 days ago
  5. Bosnia’s ruling coalition collapses
    3 days ago
  1. Erdogan lashes out at Germany, Nato, says "God willing" he'll have Russian missiles soon
    19 hours ago
  2. CHINA RISING: When sleeping giants meet
    15 days ago
  3. Belarus’ retail king Euroopt goes on the road
    20 days ago
  4. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    1 day ago
  5. STOLYPIN: Russia’s cyber-challenge cuts both ways
    23 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss