Madagascar — Inflation
Inflation, Consumer Prices (Annual %) for Madagascar, 1965–2025.
Latest value · 2025
8.05%
Inflation, Consumer Prices (Annual %) · annual % · +91.6% since 1965
Inflation for Madagascar was 8.05% in 2025, according to the latest World Bank data. The series covers 61 years, from 1965 to 2025. The highest recorded value was 49.08% in 1995. The lowest was -1.70% in 2003 (about -4.7× the low point). Across that span the compound annual growth rate works out to 1.09% per year.
Madagascar ranks 32 of 187 economies on this measure (1 = highest), putting it in the top 17%. The median for Sub-Saharan Africa is 3.51%, so Madagascar sits above it. It peaked in 1995 and has fallen 84% since. Over the last decade (2015–2025) the figure moved up 9%.
Key figures
Latest (2025)
8.05%
First (1965)
4.20%
Change
+91.6%
Highest
49.08%
in 1995
Lowest
-1.70%
in 2003
Average
11.04%
Annual growth (CAGR)
1.09%
Years of data
61
Recent years
| Year | annual % |
|---|---|
| 2025 | 8.05% |
| 2024 | 7.61% |
| 2023 | 9.87% |
| 2022 | 8.16% |
| 2021 | 5.81% |
| 2020 | 4.2% |
| 2019 | 5.61% |
| 2018 | 8.59% |
| 2017 | 8.61% |
| 2016 | 6.04% |
| 2015 | 7.4% |
| 2014 | 6.08% |
Reading this correctly. Annual percentage change in the cost to the average consumer of acquiring a basket of goods and services. A negative value means deflation. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
FP.CPI.TOTL.ZG — Inflation, Consumer Prices (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.