North Macedonia’s annual inflation rate rose to 3.3% in May 2025 from 2.6% in the previous month, marking the fastest pace in three months.
The acceleration was mainly driven by faster price increases for food and non-alcoholic beverages (4.9% vs 1.5% in April) and miscellaneous goods and services (3.9% vs 2.7%).
However, these effects were partially offset by a steeper price decline in transport (-7.0% vs -1.7%) and slower price increases in clothing and footwear (2.9% vs 4.0%), restaurants and hotels (7.8% vs 11.4%), recreation and culture (5.0% vs 6.8%), and housing and utilities (2.2% vs 2.3%).
On a monthly basis, the CPI rose 1.5%, accelerating from a 0.6% increase in April.