Macedonia’s CPI inflation decelerates to 4% y/y in July 2013.

By bne IntelliNews August 1, 2013

Macedonia’s consumer price inflation decelerated to 4% y/y in July from 4.2% y/y in June, according to data of the statistics office.

The annual growth of consumer prices slowed down in the groups food, clothing and footwear, housing, as well as culture and entertainment. On the other hand, annual growth of consumer prices went up in the groups tobacco and beverages, hygiene and health, transport and communication services, as well as restaurants and hotels. The y/y price increase remained unchanged in other services.

CPI rose by 3.6% on the year in Jan-Jul 2013. The country’s central bank expects inflation of 2.8% this year.

CPI, % y/y      
  Jun-13 Jul-13 Jan-Jul/13
CPI 4.2 4.0 3.6
Food 6.2 5.5 4.5
Tobacco and beverages 1.7 3.7 2.3
Clothing and footwear 6.9 6.8 8.4
Housing 3.5 1.5 3.6
Hygiene and health 3.9 4.1 4.4
Culture and entertainment 1.0 0.9 1.3
Transport and communication services -0.3 1.7 -1.0
Restaurants and hotels 4.3 4.5 4.2
Other services 0.9 0.9 0.6
Goods 4.6 4.4 4.1
Services 1.9 1.9 1.4
Source: Statistics office      

Related Articles

Kazakhstan's CAML takes over Macedonian Lynx in $402.5mn mining deal

Kazakhstan-based copper producer Central Asia Metals (CAML) said on September 22 it has conditionally agreed to acquire 100% interest in Lynx Resources Limited, the owner of the SASA zinc-lead mine ... more

October local elections to test Macedonia's fragile political stability, IMF warns

The International Monetary Fund (IMF) said on September 18 it expects the Macedonian economy to slow down to moderate growth of 1.9% in 2017 due to the prolonged political uncertainty. The fund ... more

Macedonia's GDP growth to revive in H2 after political crisis "took its toll" on economy, S&P says

Standard and Poor’s (S&P) rating agency has affirmed its long- and short-term foreign and local currency sovereign credit ratings on Macedonia at 'BB-/B' with stable outlook, the agency said on ... more