State STATISTICAL Office

STATISTICAL RELEASE : 07.5.2026.1/1

Consumer Price Index and Retail Price Index, January 2026

Inflation in January 2026, compared to the previous month, was -0.7%

Inflation measured through the Consumer Price Index in January 2026, compared to December 2025 was – 0.7%. 

A decrease in inflation in January 2026, compared to December 2025, is the result of the decrease in the Consumer Price Index in the following groups: Transport by 9.3%, Information and Communication by 1.6%, Recreation, sport and culture by 1.5%, Clothing and footwear by 1.2%, Personal care, social protection and miscellaneous goods and services by 0.5%.

In January 2026, compared to December 2025, an increase in the Consumer Price Index was registered in the following groups: Furnishings, household equipment and routine household maintenance, Housing, water, electricity, gas and other fuels by 1.0%, Restaurants and accommodation services by 0.7%, Education services, Alcoholic beverages, tobacco and narcotics by 0.1%.

The Consumer Price Index in the groups Insurance and financial services, Health, Food and non-alcoholic beverages remained at the same level as in the previous month. 

The Retail Price Index in January 2026 compared to December 2025 was 97.3.

The Consumer Price Index in January 2026, compared to January 2025, increased by 3.2%, while the Retail Price Index increased by 1.2%. 

Due to the entry into the directly applicable EU regulations and in accordance with Eurostat’s recommendations, as of January 2026, the Consumer Price Indices and the Harmonised Index of Consumer Prices are compiled according to the  European Classification of Individual Consumption According to Purpose, ECOICOP version 2 aligned with the United Nations UN COICOP 2018 classification, without changes in the methodological approach of the index calculation.

Key takeaway

In January 2026, compared to December 2025: 

  • Inflation rate -0.7% 
  • In the group Transport -9.3%

Tables

Symbols used →

StatisticalDatabase
More information is available in the MakStat Database

Chart

Monthly Consumer Price Index

January 2025 – January 2026

Contact

Elvidina Lukovic
Phone: +389 2 3295 666
Email: elvidina.lukovic@stat.gov.mk
Darko Nastoski
Phone: +389 2 3295 666
Email: darko.nastoski@stat.gov.mk

Older releases

Older editions of the release: Consumer price index and Retail price index