Inflation, consumer prices (annual %) (International Financial) in Madagascar
Madagascar: Inflation, consumer prices (annual %) (International Financial) was 8.1% in 2025. ◆ Volatile
Inflation, consumer prices in Madagascar, 1965–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
In 2025, inflation, consumer prices in Madagascar stood at 8.1%.
That represents a change of up 5.7% on the previous year and up 8.7% over ten years.
Over the whole period, inflation, consumer prices in Madagascar peaked at 49.1% in 1995 and was at its lowest, -1.7%, in 2003.
That places Madagascar 34th out of 192 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, consumer prices (annual %) (International Financial) in Madagascar, year by year
| Year | annual % | Change |
|---|---|---|
| 1965 | 4.2% | — |
| 1966 | 3.2% | -23.6% |
| 1967 | 0.8% | -74.6% |
| 1968 | 1.0% | +17.3% |
| 1969 | 3.8% | +300.3% |
| 1970 | 2.9% | -24.8% |
| 1971 | 5.4% | +87.1% |
| 1972 | 5.6% | +4.4% |
| 1973 | 6.1% | +8.8% |
| 1974 | 22.1% | +261.1% |
| 1975 | 8.2% | -62.9% |
| 1976 | 5.0% | -39.1% |
| 1977 | 3.1% | -37.7% |
| 1978 | 6.5% | +110.0% |
| 1979 | 14.1% | +115.3% |
| 1980 | 18.2% | +29.6% |
| 1981 | 30.5% | +67.6% |
| 1982 | 31.8% | +4.1% |
| 1983 | 19.3% | -39.2% |
| 1984 | 9.9% | -49.0% |
| 1985 | 10.6% | +7.1% |
| 1986 | 14.5% | +37.3% |
| 1987 | 15.0% | +3.4% |
| 1988 | 26.9% | +79.1% |
| 1989 | 9.0% | -66.4% |
| 1990 | 11.8% | +30.8% |
| 1991 | 8.6% | -27.1% |
| 1992 | 14.5% | +68.9% |
| 1993 | 10.0% | -31.0% |
| 1994 | 38.9% | +289.1% |
| 1995 | 49.1% | +26.0% |
| 1996 | 19.8% | -59.7% |
| 1997 | 4.5% | -77.3% |
| 1998 | 6.2% | +38.4% |
| 1999 | 9.9% | +59.9% |
| 2000 | 11.9% | +19.4% |
| 2001 | 7.9% | -33.2% |
| 2002 | 16.5% | +108.4% |
| 2003 | -1.7% | -110.3% |
| 2004 | 14.0% | -919.0% |
| 2005 | 18.4% | +31.6% |
| 2006 | 10.8% | -41.4% |
| 2007 | 10.3% | -4.4% |
| 2008 | 9.3% | -9.6% |
| 2009 | 9.0% | -3.7% |
| 2010 | 9.2% | +3.3% |
| 2011 | 9.5% | +2.5% |
| 2012 | 5.7% | -39.7% |
| 2013 | 5.8% | +2.0% |
| 2014 | 6.1% | +4.4% |
| 2015 | 7.4% | +21.8% |
| 2016 | 6.0% | -18.5% |
| 2017 | 8.6% | +42.6% |
| 2018 | 8.6% | -0.2% |
| 2019 | 5.6% | -34.7% |
| 2020 | 4.2% | -25.1% |
| 2021 | 5.8% | +38.3% |
| 2022 | 8.2% | +40.4% |
| 2023 | 9.9% | +21.0% |
| 2024 | 7.6% | -22.9% |
| 2025 | 8.1% | +5.7% |
Madagascar compared with similar countries
- Madagascar's 8.1% is above the median for low income countries, which is 6.7%, 1.2× the median. (22 countries reporting)
- Madagascar's 8.1% is above the median for Sub-Saharan Africa, which is 3.5%, 2.3× the median. (46 countries reporting)
Biggest year-on-year movements
Years where Inflation, consumer prices (annual %) (International Financial) in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +919.0% | -1.7% | 14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.6% | 0.8% | 4.2% | 5 |
| 1970s | 7.9% | 2.9% | 22.1% | 10 |
| 1980s | 18.6% | 9.0% | 31.8% | 10 |
| 1990s | 17.3% | 4.5% | 49.1% | 10 |
| 2000s | 10.6% | -1.7% | 18.4% | 10 |
| 2010s | 7.3% | 5.6% | 9.5% | 10 |
| 2020s | 7.3% | 4.2% | 9.9% | 6 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- SDRs holdings, US dollar, annual growth rate 102.48 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.59 units per person (2025)
- SDRs holdings, SDR, annual growth rate 92.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1.16 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0149 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 8.94 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is inflation, consumer prices in Madagascar?
- Inflation, consumer prices in Madagascar was 8.1% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest inflation, consumer prices recorded in Madagascar?
- The highest recorded value was 49.1% in 1995.
- What is the lowest inflation, consumer prices recorded in Madagascar?
- The lowest recorded value was -1.7% in 2003.
- How does Madagascar rank for inflation, consumer prices?
- Madagascar ranks 34th out of 192 countries with data for 2025.
- Is inflation, consumer prices rising or falling in Madagascar?
- Over the last ten years it is up 8.7%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Inflation, consumer prices (annual %). Statizoid updates them automatically from the source API.
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About this data
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.