Home Madagascar Prices & Inflation Inflation Rate

Madagascar Inflation Rate

Consumer price inflation, annual %  FP.CPI.TOTL.ZG

8.43% +0.79pp (+10.3%)
Year 2025 Rank #28 Global Peak 49.08% (1995) Source World Bank

Madagascar Inflation Rate (1965–2025)

Overview

Madagascar's inflation rate stood at 8.43% in 2025, a rise of +0.79pp from 2024. The IMF projects 8.43% by 2025. Madagascar ranked 28th globally.

Data & projection

Year Inflation Rate YoY change Rank
2030* IMF 6.00% - -
2029* IMF 6.00% - -
2028* IMF 6.00% - -
2027* IMF 6.41% - -
2026* IMF 7.22% - -
2025* IMF 8.43% - -
2025 8.43% +0.79pp #28
2024 7.64% −2.22pp #159
2023 9.87% +1.72pp #151
2022 8.16% +2.34pp #101
2021 5.81% +1.62pp #143
2020 4.20% −1.42pp #145
2019 5.61% −2.99pp #168
2018 8.59% +0.00pp #176
2017 8.61% +2.55pp #174
2016 6.04% −1.37pp #157
2015 7.40% +1.32pp #171
2014 6.08% +0.25pp #160
2013 5.83% +0.11pp #155
2012 5.71% −3.77pp #140
2011 9.48% +0.24pp #168
Show all years (1965-2025)
* IMF World Economic Outlook projection

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +42.3% GDP growth 4.0% C/A balance 0.4%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Madagascar matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw inflation rate improve within 24 months. View full analysis →

Frequently Asked Questions

What is Madagascar's inflation rate?

Madagascar's inflation rate was 8.43% in 2025. Ranked 28th globally. This represents a 10.3% increase from the previous year.

What was the highest inflation rate in Madagascar?

Madagascar's inflation rate peaked at 49.08% in 1995.

What was the lowest inflation rate in Madagascar?

The lowest inflation rate in Madagascar was -1.70% in 2003.

How does Madagascar rank in inflation rate?

Madagascar ranks 28th globally in inflation rate as of 2025.

What is the World Bank indicator code for inflation rate?

The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.

What is the projected inflation rate of Madagascar in 2025?

Madagascar's inflation rate is projected to reach 8.43% by 2025 based on IMF projection.

What is the inflation rate of Madagascar in 2025?

The inflation rate of Madagascar in 2025 was 8.43%. This ranks 28th in the world.

Cite this page

APA
Madagascar Inflation Rate. HistorySaid. Retrieved April 1, 2026, from https://historysaid.com/madagascar/inflation-rate
BibTeX
@misc{historysaid_madagascar_inflation-rate, title = {Madagascar Inflation Rate}, url = {https://historysaid.com/madagascar/inflation-rate}, publisher = {HistorySaid}, year = {2026} }