Madagascar Inflation Rate 1960-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Madagascar inflation rate for 2022 was 8.16%, a 2.35% increase from 2021.
  • Madagascar inflation rate for 2021 was 5.81%, a 1.61% increase from 2020.
  • Madagascar inflation rate for 2020 was 4.20%, a 1.41% decline from 2019.
  • Madagascar inflation rate for 2019 was 5.61%, a 2.98% decline from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Zimbabwe 104.71%
Haiti 33.98%
Ethiopia 33.89%
Sierra Leone 27.21%
Malawi 20.95%
Burundi 18.80%
Rwanda 17.69%
Burkina Faso 14.29%
Gambia 11.51%
Guinea 10.49%
Mozambique 10.28%
Senegal 9.70%
Mali 9.62%
Guinea-Bissau 9.39%
Madagascar 8.16%
Togo 7.97%
Nepal 7.65%
Uganda 7.20%
Chad 5.79%
Central African Republic 5.58%
Tanzania 4.35%
Niger 4.23%
Benin 1.35%
Eritrea 0.00%
Comoros 0.00%
Liberia 0.00%
Tajikistan 0.00%
Democratic Republic of Congo 0.00%
North Korea 0.00%
Syrian Arab Republic 0.00%
Somalia 0.00%
Yemen 0.00%
Afghanistan 0.00%
South Sudan -6.69%
Madagascar Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 8.16% 2.35%
2021 5.81% 1.61%
2020 4.20% -1.41%
2019 5.61% -2.98%
2018 8.59% -0.01%
2017 8.61% 2.57%
2016 6.04% -1.37%
2015 7.40% 1.32%
2014 6.08% 0.25%
2013 5.83% 0.11%
2012 5.71% -3.77%
2011 9.48% 0.24%
2010 9.25% 0.29%
2009 8.95% -0.34%
2008 9.30% -0.99%
2007 10.29% -0.48%
2006 10.77% -7.60%
2005 18.36% 4.41%
2004 13.96% 15.66%
2003 -1.70% -18.20%
2002 16.50% 8.58%
2001 7.92% -3.94%
2000 11.86% 1.93%
1999 9.93% 3.72%
1998 6.21% 1.72%
1997 4.49% -15.27%
1996 19.76% -29.32%
1995 49.08% 10.14%
1994 38.94% 28.93%
1993 10.01% -4.50%
1992 14.51% 5.92%
1991 8.59% -3.19%
1990 11.78% 2.77%
1989 9.01% -17.84%
1988 26.85% 11.86%
1987 14.99% 0.50%
1986 14.50% 3.94%
1985 10.56% 0.70%
1984 9.86% -9.47%
1983 19.33% -12.46%
1982 31.79% 1.25%
1981 30.54% 12.32%
1980 18.22% 4.16%
1979 14.06% 7.53%
1978 6.53% 3.42%
1977 3.11% -1.88%
1976 4.99% -3.20%
1975 8.19% -13.91%
1974 22.10% 15.98%
1973 6.12% 0.50%
1972 5.62% 0.24%
1971 5.39% 2.51%
1970 2.88% -0.95%
1969 3.83% 2.87%
1968 0.96% 0.14%
1967 0.82% -2.40%
1966 3.21% -0.99%
1965 4.20% 4.20%
1964 0.00% 0.00%
1963 0.00% 0.00%
1962 0.00% 0.00%
1961 0.00% 0.00%
1960 0.00% 0.00%