Madagascar — Inflation
Inflation, Consumer Prices (Annual %) for Madagascar, 1965–2025.
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%. Within Sub-Saharan Africa it ranks 14 of 46 economies; Sierra Leone (7.49%) is just below it. Its sharpest one-year move was up 919% in 2004. That is 11% above this series' own ten-year average.
Data highlights
From its 1965 level: doubled by 1974; grown tenfold by 1995. Doubling roughly every 64 years at that pace.
World ranking. Climbed: 26th of 76 in 1965 → 64th of 92 in 1970 → 30th of 106 in 1980 → 49th of 131 in 1990 → 24th of 163 in 2000 → 18th of 186 in 2010 → 46th of 178 in 2020 → 25th of 169 in 2025.
Key figures
Full history — 1965 to 2025
| Year | annual % | Change |
|---|---|---|
| 2025 | 8.05% | +0.4 pp |
| 2024 | 7.61% | -2.3 pp |
| 2023 | 9.87% | +1.7 pp |
| 2022 | 8.16% | +2.3 pp |
| 2021 | 5.81% | +1.6 pp |
| 2020 | 4.19% | -1.4 pp |
| 2019 | 5.63% | -3.0 pp |
| 2018 | 8.6% | +0.0 pp |
| 2017 | 8.59% | +2.5 pp |
| 2016 | 6.04% | -1.4 pp |
| 2015 | 7.4% | +1.3 pp |
| 2014 | 6.08% | +0.3 pp |
| 2013 | 5.83% | +0.1 pp |
| 2012 | 5.71% | -3.8 pp |
| 2011 | 9.48% | +0.2 pp |
| 2010 | 9.25% | +0.3 pp |
| 2009 | 8.95% | -0.3 pp |
| 2008 | 9.3% | -1.0 pp |
| 2007 | 10.29% | -0.5 pp |
| 2006 | 10.77% | -7.6 pp |
| 2005 | 18.36% | +4.4 pp |
| 2004 | 13.96% | +15.7 pp |
| 2003 | -1.7% | -18.2 pp |
| 2002 | 16.5% | +8.6 pp |
| 2001 | 7.92% | -3.9 pp |
| 2000 | 11.86% | +1.9 pp |
| 1999 | 9.93% | +3.7 pp |
| 1998 | 6.21% | +1.7 pp |
| 1997 | 4.49% | -15.3 pp |
| 1996 | 19.76% | -29.3 pp |
| 1995 | 49.08% | +10.1 pp |
| 1994 | 38.94% | +28.9 pp |
| 1993 | 10.01% | -4.5 pp |
| 1992 | 14.51% | +5.9 pp |
| 1991 | 8.59% | -3.2 pp |
| 1990 | 11.78% | +2.8 pp |
| 1989 | 9.01% | -17.8 pp |
| 1988 | 26.85% | +11.9 pp |
| 1987 | 14.99% | +0.5 pp |
| 1986 | 14.5% | +3.9 pp |
| 1985 | 10.56% | +0.7 pp |
| 1984 | 9.86% | -9.5 pp |
| 1983 | 19.33% | -12.5 pp |
| 1982 | 31.79% | +1.3 pp |
| 1981 | 30.54% | +12.3 pp |
| 1980 | 18.22% | +4.2 pp |
| 1979 | 14.06% | +7.5 pp |
| 1978 | 6.53% | +3.4 pp |
| 1977 | 3.11% | -1.9 pp |
| 1976 | 4.99% | -3.2 pp |
| 1975 | 8.19% | -13.9 pp |
| 1974 | 22.1% | +16.0 pp |
| 1973 | 6.12% | +0.5 pp |
| 1972 | 5.62% | +0.2 pp |
| 1971 | 5.39% | +2.5 pp |
| 1970 | 2.88% | -1.0 pp |
| 1969 | 3.83% | +2.9 pp |
| 1968 | 0.96% | +0.1 pp |
| 1967 | 0.82% | -2.4 pp |
| 1966 | 3.21% | -1.0 pp |
| 1965 | 4.2% | — |
Frequently asked questions
What was Madagascar’s Inflation in 1966?
3.21% (1966). The full year-by-year table above lists every published year, most recent first.
Are changes in this series measured in percentage points?
Yes. The series is a share expressed in annual %, so year-over-year movements in the Change column are percentage points (pp), not percent.
Is Madagascar’s Inflation growing or shrinking?
Between 1965 and 2025 the series was growing overall: +91.6% in total — about 1.1% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator FP.CPI.TOTL.ZG. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 8.05%; 2024: 7.61%; 2023: 9.87%; 2022: 8.16%; 2021: 5.81%. Earlier years are in the full-history table below.
Related data
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.