The inflation rate is not expected to rise, and movement in primary commodity prices until the end of the year is expected to be adjusted downward, National Bank Governor Anita Angelovska-Bezoska has said.
According to her, the inflation rate in the first three months of 2020, just like in 2019, is relatively low and stable, and the average inflation rate as with March is 0.6 percent, which is below projections.
“The pandemic has negatively affected global demand, leading to a downward adjustment in prices for most stock exchange products. This is especially visible in oil prices on world markets, where the failure to reach an agreement between the largest producers had an additional effect. Such shifts will have a direct downward effect on the inflation rate in the Macedonian economy through lower fuel prices at home, which is, in fact, already visible in March data on inflation. These lower prices may further affect other prices,” said Angelovska-Bezoska.