Inflation Madagascar 2016
Average inflation: 6.1%
Inflation in 2016
Inflation is very high at 6.1%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 7.8%. The lowest inflation was in October at 5.4%.
- Highest month
- January: 7.8%
- Lowest month
- October: 5.4%
- Difference
- 2.4 percentage points
- Months with data
- 12 of 12
Historical Context
Inflation is around the 5-year average of 6.2%.
- 5-year average
- 6.2%
- 10-year average
- 7.8%
- All-time high (2005)
- 18.8%
- All-time low (2003)
- -1.4%
Trend
Over the period 2014-2016, inflation has remained relatively stable. Compared to 2015, inflation has fallen by 1.3 percentage points.
- Change vs. previous year
- -1.3 percentage points
- Largest monthly swing
- March: -2.1 percentage points
ECB Target
Inflation is 4.1 percentage points 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 MGA 100 this year will cost approximately MGA 106 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | 7.8% | +1.6 |
| February | 7.2% | +0.5 |
| March | 5.8% | -2.1 |
| April | 5.8% | -1.9 |
| May | 5.8% | -1.7 |
| June | 5.8% | -1.8 |
| July | 6.1% | -1.5 |
| August | 5.9% | -1.8 |
| September | 5.7% | -1.9 |
| October | 5.4% | -2.1 |
| November | 5.4% | -2.0 |
| December | 5.9% | -1.7 |
| Average | 6.1% |
Data source
Data from WorldBank. Last updated: 06/01/2026.