Macedonia’s CPI inflation accelerates to 3.4% y/y in May 2013.

By bne IntelliNews June 3, 2013

Consumer price inflation stood at 3.4% y/y in May, speeding up from 3.3% y/y in April, according to data of the statistics office. Higher annual growth of consumer prices of food, clothing and footwear, culture and entertainment, restaurants and hotels and other services drove the acceleration in May. In addition, a more moderate y/y decrease in prices of transport and communication services also contributed to the faster growth of the overall index in May.

The annual growth of consumer prices slowed down in tobacco and beverages, housing, as well as hygiene and health.

CPI rose by 3.4% on the year in Jan-May. The country’s central bank expects inflation of 2.8% this year.

CPI, % y/y      
  Apr-13 May-13 Jan-May/13
CPI 3.3 3.4 3.4
Food 4.8 5.1 4.0
Tobacco and beverages 3.6 2.1 2.1
Clothing and footwear 7.1 7.3 9.1
Housing 3.5 3.4 4.1
Hygiene and health 4.2 4.0 4.5
Culture and entertainment 1.1 1.3 1.5
Transport and communication services -3.2 -3.1 -1.7
Restaurants and hotels 3.8 4.1 4.1
Other services 0.7 0.9 0.5
Goods 3.9 3.9 3.9
Services 0.8 1.1 1.2
Source: Statistics office      

Related Articles

ArcelorMittal proposes to divest assets in Czech Republic, Macedonia and Romania

International steel and mining company ArcelorMittal said on April 13 it has proposed a divestment package to the European Commission in a bid to obtain approval for its planned acquisition of ... more

Macedonian MPs debate no-confidence motion against government

Macedonian MPs started debating a no-confidence motion filed by the opposition VMRO-DPMNE party against the government on April 11. The opposition party accused the government of increasing crime and ... more

Bulgaria’s Borissov appeals to Western Balkan leaders to preserve peace

Boyko Borissov, prime minister of the current EU Council chair Bulgaria, called on April 10 on the leaders of the Western Balkan countries to preserve peace and ... more

Dismiss