Inflation Madagascar 2008
Average inflation: 9.3%
Current Inflation
Inflation is very high at 9.3%, far above the ECB target.
Peak and Trough
The highest inflation was in August at 11.3%. The lowest inflation was in April at 6.9%.
- Highest month
- August: 11.3%
- Lowest month
- April: 6.9%
- Difference
- 4.4 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 9.2%. The lowest price increase was in Energy with an average of 9.2%.
- Highest increase
- Energy: 9.2%
- Lowest increase
- Energy: 9.2%
Historical Context
Current inflation is 3.4% lower than the 5-year average of 12.7%.
- 5-year average
- 12.7%
- 10-year average
- 10.8%
- All-time high (2005)
- 18.8%
- All-time low (2003)
- -1.4%
Trend
Inflation shows a downward trend. Compared to 2007, inflation has fallen by +1.0 percentage point.
- Change vs. previous year
- -1.0 percentage points
- Largest monthly swing
- April: -7.0 percentage points
ECB Target
Inflation is 7.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €109.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 8.8% | -1.9 |
| February | 7.2% | -6.3 |
| March | 7.8% | -5.8 |
| April | 6.9% | -7.0 |
| May | 7.9% | -3.9 |
| June | 9.1% | -1.1 |
| July | 10.4% | +1.4 |
| August | 11.3% | +2.8 |
| September | 10.9% | +2.7 |
| October | 10.9% | +3.0 |
| November | 10.1% | +1.5 |
| December | 10.1% | +1.9 |
| Average | 9.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.