North Macedonia · CPI 1993–2025 · MKD
North Macedonia inflation calculator by year
MKD 100 in 1993 has the same buying power as MKD 577.56 in 2025. Change the amount and the years below to calculate any period from 1993 onwards.
MKD 100 in 1993 has the same buying power as
MKD 577.56
in 2025 — an increase of MKD 477.56 over 32 years
Cumulative inflation
+477.6%
Total price rise over the period
Average per year
+5.63%
Compounded annual rate
Purchasing power
17.3%
MKD 100 now buys what MKD 17.31 bought in 1993
Value over time
Hover the chart for any yearShow year-by-year data
| Year | Inflation | Value |
|---|---|---|
| 1993 | — | MKD 100 |
| 1994 | +126.58% | MKD 226.58 |
| 1995 | +16.37% | MKD 263.68 |
| 1996 | +2.47% | MKD 270.19 |
| 1997 | +1.29% | MKD 273.68 |
| 1998 | +0.54% | MKD 275.17 |
| 1999 | -1.28% | MKD 271.65 |
| 2000 | +6.61% | MKD 289.60 |
| 2001 | +5.20% | MKD 304.66 |
| 2002 | +2.31% | MKD 311.71 |
| 2003 | +0.86% | MKD 314.38 |
| 2004 | -0.45% | MKD 312.97 |
| 2005 | +0.53% | MKD 314.61 |
| 2006 | +3.21% | MKD 324.72 |
| 2007 | +2.25% | MKD 332.03 |
| 2008 | +8.33% | MKD 359.70 |
| 2009 | -0.74% | MKD 357.04 |
| 2010 | +1.51% | MKD 362.43 |
| 2011 | +3.90% | MKD 376.58 |
| 2012 | +3.32% | MKD 389.07 |
| 2013 | +2.79% | MKD 399.90 |
| 2014 | -0.28% | MKD 398.78 |
| 2015 | -0.30% | MKD 397.58 |
| 2016 | -0.24% | MKD 396.63 |
| 2017 | +1.35% | MKD 401.99 |
| 2018 | +1.46% | MKD 407.85 |
| 2019 | +0.77% | MKD 410.98 |
| 2020 | +1.20% | MKD 415.91 |
| 2021 | +3.23% | MKD 429.35 |
| 2022 | +14.20% | MKD 490.34 |
| 2023 | +9.36% | MKD 536.24 |
| 2024 | +3.49% | MKD 554.96 |
| 2025 | +4.07% | MKD 577.56 |
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Pre-filled with North Macedonia’s long-run average of 5.6% a year. Change it to test any assumption.
Something costing MKD 100 today would cost
Total increase
Over the whole period
Extra needed
On top of today’s amount
Purchasing power left
Of money kept under the mattress
Projected cost
This tab is an assumption, not a measurement. It compounds one fixed rate forward. The Between two years tab uses real published CPI figures instead.
North Macedonia at a glance
Inflation in 2025
+4.07%
Average 1993–2025
5.63%
Highest year
+126.6%
in 1994
Lowest year
-1.3%
in 1999
Recent annual inflation
| 2025 | +4.07% |
| 2024 | +3.49% |
| 2023 | +9.36% |
| 2022 | +14.20% |
| 2021 | +3.23% |
| 2020 | +1.20% |
Over the whole record
Across the 32 years from 1993 to 2025, prices in North Macedonia rose +477.6% in total.
MKD 100 at the start of that period would need to be MKD 577.56 in 2025 to buy the same goods — leaving the original amount with 17.3% of its buying power.
Inflation in North Macedonia, explained
The North Macedonia’s national statistics agency publishes a Consumer Price Index that tracks the cost of a representative basket of goods and services in North Macedonia. This CPI inflation calculator holds that index from 1993 to 2025 and compares any two of those years directly, rather than applying one assumed rate across the gap.
Over the full record, inflation in North Macedonia has averaged 5.63% a year. The steepest single year was 1994 at +126.6%; the mildest was 1999 at -1.3%. Amounts are shown in MKD.
Worked example
MKD 100 in 1993 is worth MKD 577.56 in 2025. That is +477.6% cumulative inflation over 32 years, or +5.63% a year compounded. Put the other way round, the original MKD 100 now buys what MKD 17.31 bought back then.
Inflation calculator: MKD amounts
Every figure on this page is calculated and formatted in MKD, using North Macedonia’s own grouping conventions. Enter any amount — a price, a salary, a savings balance — and the result stays in MKD throughout, including the year-by-year table and the chart.
Checking a salary or a return
The most common use is as a wage inflation calculator. Enter an old salary with the year it was earned and set the end year to 2025: the adjusted figure is what that salary would need to be today simply to keep pace. Anything above it is a real increase; anything below it is a pay cut in disguise. The same test applies to an investment return, a rent, or a contract rate — if growth did not clear the cumulative figure, it lost real value.
A note on accuracy
Figures come from the Consumer price index (2010 = 100) series, which compiles the CPI published by the North Macedonia’s national statistics agency. They are annual averages, so a result may differ by a fraction of a percent from a calculator that compares two specific months. See the methodology for detail.
Compare elsewhere
The same calculation, other countries
FAQ
Questions about North Macedonia inflation
What is the inflation calculator?
The Yearly Inflation Calculator is a free online tool that shows how inflation changed the value of money between any two years. You choose a country, enter an amount, pick a start year and an end year, and it returns the inflation-adjusted value along with cumulative inflation, the average annual rate and the change in purchasing power. It uses official Consumer Price Index data rather than a guessed rate, and covers 192 countries.
How do you calculate the inflation rate?
Inflation is calculated from a price index, usually the Consumer Price Index. Take the index value at the end of the period, subtract the index value at the start, divide by the index value at the start, and multiply by 100. If the index moved from 120 to 126, inflation was (126 − 120) ÷ 120 × 100 = 5%. The index itself comes from pricing a fixed basket of goods and services repeatedly over time.
How is annual inflation rate calculated?
For a single year, the annual inflation rate compares that year’s index with the previous year’s: rate % = (CPI_this_year ÷ CPI_last_year − 1) × 100. Across a longer period, the average annual rate is the geometric mean — the constant rate that compounds to the same total: annual % = ((CPI_end ÷ CPI_start) ^ (1 ÷ number of years) − 1) × 100. It is deliberately not the simple average of the yearly rates, which would overstate the result because inflation compounds.
Where does the inflation data come from?
All figures come from the World Bank’s Consumer Price Index series (indicator FP.CPI.TOTL), which compiles the official CPI published by each country’s national statistics agency — the Bureau of Labor Statistics in the United States, the Office for National Statistics in the United Kingdom, MoSPI in India, and so on. The data is annual. It is built into the site rather than fetched live, so results are fast and stable.
Why does my country start at a later year?
Countries began publishing a consistent Consumer Price Index at different times, and some series have gaps where no figure was published. The year menus only ever offer years that have a published figure for the country you have selected, so you cannot pick a year the data does not support.
Why do results differ slightly from my government inflation calculator?
National calculators often compare specific months, or use a variant index, while this tool compares annual averages. Statistics agencies also revise and re-base their series periodically. Differences of a fraction of a percent are normal and expected; the magnitude and direction of the result will always agree.