Inflation Rate (CPI): Madagascar
Madagascar's inflation rate (cpi) is currently 7.2% as of 2026. # Madagascar Inflation Rate (CPI) Madagascar's inflation rate stood at 7.
Current (2026)
7.2%
-14.3% y/y
Peak (1995)
49.0%
Low (2003)
-1.7%
Source
IMF World Economic Outlook
1980–2026 · 51 pts
Inflation Rate (CPI) — Madagascar
1980 — 2026
Inflation Rate (CPI) — Madagascar
Analysis# Madagascar Inflation Rate (CPI)
Madagascar's inflation rate stood at 7.2% in 2026, reflecting relative stability after years of volatility. The country has made substantial progress since 1980, when inflation was significantly higher, with a total decline of 60.7% over the period. Current levels remain far below the devastating 49% peak recorded in 1995, though well above the deflationary low of -1.7% in 2003.
Recent years reveal a moderating trend after 2023's spike to 9.9%. Inflation declined from 8.4% in 2025 to 7.2% in 2026, suggesting successful stabilization efforts. The 2020-2021 period marked a notable recovery phase, when inflation dipped to 4.2% before climbing again. Continued moderation through 2026 indicates Madagascar's monetary authorities have managed price pressures, positioning the economy for more predictable conditions ahead.
Historical Data
51 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 6.0% | +0.00% |
| 2029 | 6.0% | +0.00% |
| 2028 | 6.0% | -6.25% |
| 2027 | 6.4% | -11.11% |
| 2026 | 7.2% | -14.29% |
| 2025 | 8.4% | +10.53% |
| 2024 | 7.6% | -23.23% |
| 2023 | 9.9% | +20.73% |
| 2022 | 8.2% | +41.38% |
| 2021 | 5.8% | +38.10% |
| 2020 | 4.2% | -25.00% |
| 2019 | 5.6% | -34.88% |
| 2018 | 8.6% | +0.00% |
| 2017 | 8.6% | +40.98% |
| 2016 | 6.1% | -17.57% |
| 2015 | 7.4% | +21.31% |
| 2014 | 6.1% | +5.17% |
| 2013 | 5.8% | +1.75% |
| 2012 | 5.7% | -40.00% |
| 2011 | 9.5% | +3.26% |
Show all 51 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 9.2% | +2.22% |
| 2009 | 9.0% | -3.23% |
| 2008 | 9.3% | -9.71% |
| 2007 | 10.3% | -4.63% |
| 2006 | 10.8% | -41.30% |
| 2005 | 18.4% | +31.43% |
| 2004 | 14.0% | +923.53% |
| 2003 | -1.7% | -110.30% |
| 2002 | 16.5% | +108.86% |
| 2001 | 7.9% | -31.90% |
| 2000 | 11.6% | +61.11% |
| 1999 | 7.2% | +16.13% |
| 1998 | 6.2% | +37.78% |
| 1997 | 4.5% | -77.27% |
| 1996 | 19.8% | -59.59% |
| 1995 | 49.0% | +25.64% |
| 1994 | 39.0% | +290.00% |
| 1993 | 10.0% | -31.51% |
| 1992 | 14.6% | +71.76% |
| 1991 | 8.5% | -28.57% |
| 1990 | 11.9% | +32.22% |
| 1989 | 9.0% | -65.78% |
| 1988 | 26.3% | +69.68% |
| 1987 | 15.5% | +6.90% |
| 1986 | 14.5% | +36.79% |
| 1985 | 10.6% | +9.28% |
| 1984 | 9.7% | -50.26% |
| 1983 | 19.5% | -38.87% |
| 1982 | 31.9% | +4.59% |
| 1981 | 30.5% | +66.67% |
| 1980 | 18.3% | — |
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