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      
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