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Madagascar Annual Inflation Rate

Madagascar's annual inflation rate rose to 9.87% in 2023, up from 8.16% in 2022, according to World Bank. This represents an increase of 1.71% from the previous year. Madagascar has annual inflation rate higher than the global median (9.87% vs median 3.16%). Compared with the median in Africa, Madagascar is higher (9.87% vs regional median 4.30%) and ranks 16th out of 50 countries in Africa.

Yearly Historical Data (1965-2023)

(in %)
Year Annual Inflation Rate (%)
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%
2013 5.83%
2012 5.71%
2011 9.48%
2010 9.25%
2009 8.95%
2008 9.3%
2007 10.29%
2006 10.77%
2005 18.36%
2004 13.96%
2003 -1.7%
2002 16.5%
2001 7.92%
2000 11.86%
1999 9.93%
1998 6.21%
1997 4.49%
1996 19.76%
1995 49.08%
1994 38.94%
1993 10.01%
1992 14.51%
1991 8.59%
1990 11.78%
1989 9.01%
1988 26.85%
1987 14.99%
1986 14.5%
1985 10.56%
1984 9.86%
1983 19.33%
1982 31.79%
1981 30.54%
1980 18.22%
1979 14.06%
1978 6.53%
1977 3.11%
1976 4.99%
1975 8.19%
1974 22.1%
1973 6.12%
1972 5.62%
1971 5.39%
1970 2.88%
1969 3.83%
1968 0.96%
1967 0.82%
1966 3.21%
1965 4.2%
Madagascar Annual Inflation Rate : Definition
Annual Inflation Rate measures the yearly percentage increase in consumer prices in Madagascar.