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Inflation rates in Madagascar

The inflation rate for consumer prices in Madagascar moved over the past 56 years between -1.7% and 49.1%. For 2021, an inflation rate of 5.8% was calculated.

During the observation period from 1965 to 2021, the average inflation rate was 11.4% per year. Overall, the price increase was 35,788.62%. An item that cost 100 ariarys in 1965 costs 35,888.62 ariarys at the beginning of 2022.


Inflation rates in global comparison


Back to overview: Madagascar

Performance over the last 56 years compared with the USA

In only a few countries are negative inflation rates achieved. This means that the general price level is declining and consumer prices get cheaper. This is called deflation. In comparison to most other countries, the drastic price increases are no longer average. Usually this is a sign of political and economic turmoil.

Performance based on 100% in 1964:Performance in Madagascar

      Madagascar       USA


Inflation calculator for Madagascar

Enter any amount, an initial year and an end year here. You will then be provided with the original amount after inflation. Example: 1,000 ariarys in 1965 corresponds to 358,886.19 ariarys at the beginning of 2022 due to inflation.

Original amount in ariarys:


Start year:


End year:






Inflation rates for consumer goods in Madagascar

Inflation rates for consumer goods in Madagascar

      Madagascar       USA

Historical inflation rates in comparison

YearMadagascarØ EUØ USAØ World
20215.81 %2.55 %4.70 %3.50 %
20204.20 %0.50 %1.23 %1.92 %
20195.61 %1.63 %1.81 %2.19 %
20188.59 %1.74 %2.44 %2.44 %
20178.61 %1.43 %2.13 %2.19 %
20166.04 %0.18 %1.26 %1.55 %
20157.40 %-0.06 %0.12 %1.43 %
20146.08 %0.20 %1.62 %2.35 %
20135.83 %1.22 %1.46 %2.62 %
20125.71 %2.66 %2.07 %3.73 %
20119.48 %3.29 %3.16 %4.82 %
20109.25 %1.53 %1.64 %3.35 %
20098.95 %0.84 %-0.36 %2.94 %
20089.30 %4.16 %3.84 %8.95 %
200710.29 %2.51 %2.85 %4.82 %
200610.77 %2.67 %3.23 %4.28 %
200518.36 %2.49 %3.39 %4.11 %
200413.96 %2.29 %2.68 %3.38 %
2003-1.70 %2.09 %2.27 %3.03 %
200216.50 %2.42 %1.59 %2.83 %
20017.92 %3.37 %2.83 %3.84 %
200011.86 %3.15 %3.38 %3.49 %
19999.93 %2.16 %2.19 %3.08 %
19986.21 %2.42 %1.55 %5.11 %
19974.49 %3.11 %2.34 %5.57 %
199619.76 %3.56 %2.93 %6.55 %
199549.08 %4.43 %2.81 %9.15 %
199438.94 %4.72 %2.61 %10.32 %
199310.01 %4.85 %2.95 %7.51 %
199214.51 %6.22 %3.03 %7.71 %
19918.59 %5.48 %4.23 %9.00 %
199011.78 %6.15 %5.40 %8.13 %
19899.01 %6.26 %4.83 %7.00 %
198826.85 %4.54 %4.08 %7.15 %
198714.99 %4.02 %3.66 %5.76 %
198614.50 %3.68 %1.90 %5.82 %
198510.56 %5.40 %3.55 %6.86 %
19849.86 %7.67 %4.30 %8.12 %
198319.33 %8.67 %3.21 %8.77 %
198231.79 %9.58 %6.13 %10.24 %
198130.54 %11.77 %10.33 %12.47 %
198018.22 %12.91 %13.55 %13.98 %
197914.06 %8.22 %11.25 %n/a
19786.53 %7.76 %7.63 %n/a
19773.11 %9.77 %6.50 %n/a
19764.99 %9.35 %5.74 %n/a
19758.19 %10.47 %9.14 %n/a
197422.10 %13.16 %11.05 %n/a
19736.12 %7.75 %6.18 %n/a
19725.62 %6.01 %3.27 %n/a
19715.39 %5.24 %4.29 %n/a
19702.88 %4.51 %5.84 %n/a
19693.83 %2.67 %5.46 %n/a
19680.96 %3.24 %4.27 %n/a
19670.82 %3.32 %2.77 %n/a
19663.21 %3.70 %3.02 %n/a
19654.20 %3.99 %1.59 %n/a

Data basis: International Monetary Fund, World Bank and OECD Inflation CPI indicator (doi:10.1787/eee82e6e-en)
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