Inflation Madagascar 2017
Average inflation: 8.6%
Current Inflation
Inflation is very high at 8.6%, far above the ECB target.
Peak and Trough
The highest inflation was in November at 10.7%. The lowest inflation was in January at 5.9%.
- Highest month
- November: 10.7%
- Lowest month
- January: 5.9%
- Difference
- 4.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 9.9%. The lowest price increase was in Energy with an average of 9.9%.
- Highest increase
- Energy: 9.9%
- Lowest increase
- Energy: 9.9%
Historical Context
Current inflation is 1.8% higher than the 5-year average of 6.8%.
- 5-year average
- 6.8%
- 10-year average
- 7.7%
- All-time high (2005)
- 18.8%
- All-time low (2003)
- -1.4%
Trend
Inflation shows an upward trend. Compared to 2016, inflation has risen by +2.5 percentage point.
- Change vs. previous year
- +2.5 percentage points
- Largest monthly swing
- November: +5.3 percentage points
ECB Target
Inflation is 6.6% 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 €108.60 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 5.9% | -1.9 |
| February | 6.6% | -0.6 |
| March | 7.9% | +2.1 |
| April | 8.7% | +2.9 |
| May | 8.8% | +3.0 |
| June | 8.8% | +3.0 |
| July | 8.5% | +2.4 |
| August | 8.7% | +2.8 |
| September | 8.8% | +3.1 |
| October | 9.2% | +3.8 |
| November | 10.7% | +5.3 |
| December | 10.6% | +4.7 |
| Average | 8.6% |
Data source
Data from WorldBank. Last updated: 06/01/2026.