North Macedonia inflation falls to 2.3% as food prices decline

North Macedonia's annual inflation rate fell to 2.3% in July, with a monthly increase of only 0.1%, according to the State Statistical Office. The Ministry of Economy and Labor stated that price movements remain stable, noting that food and non-alcoholic beverage prices have decreased for the second consecutive month, falling 1.1% compared to the previous month.

While inflation is trending downward from a 5.7% peak in April, certain sectors saw increases due to seasonal factors, most notably transport, which rose by 4.4%. The Ministry emphasized that current indicators do not necessitate new intervention measures, though the government continues to monitor market conditions to protect the standard of living.

In parallel, the mining sector in the country is facing challenges, with production in