By bne IntelliNews North Macedonia posted average annual inflation of 19.5% in November, slowing down slightly from the 19.8% inflation a month earlier (chart), according to statistics office data released on December 7. In the first eleven months of 2022, the inflation was 13.8%. Inflation started to increase rapidly since April 2021. The central bank recently projected average annual inflation of 14.3% for 2022, significantly up from 8.8% inflation projected in the spring. On a monthly basis, the consumer price index (CPI) slowed down by 0.9 pp from the previous month to 0.5% in November. As…