Inflation Madagascar 2020
Average inflation: 4.2%
Current Inflation
Inflation is high at 4.2%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 4.6%. The lowest inflation was in February at 3.8%.
- Highest month
- December: 4.6%
- Lowest month
- February: 3.8%
- Difference
- 0.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 4.6%. The lowest price increase was in Energy with an average of 4.6%.
- Highest increase
- Energy: 4.6%
- Lowest increase
- Energy: 4.6%
Historical Context
Current inflation is 2.4% lower than the 5-year average of 6.6%.
- 5-year average
- 6.6%
- 10-year average
- 6.8%
- All-time high (2005)
- 18.8%
- All-time low (2003)
- -1.4%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +1.4 percentage point.
- Change vs. previous year
- -1.4 percentage points
- Largest monthly swing
- February: -2.8 percentage points
ECB Target
Inflation is 2.2% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 3.9% | -2.7 |
| February | 3.8% | -2.8 |
| March | 4.2% | -1.9 |
| April | 4.5% | -1.3 |
| May | 4.3% | -1.7 |
| June | 3.9% | -2.1 |
| July | 4.0% | -1.6 |
| August | 4.0% | -1.5 |
| September | 4.3% | -1.0 |
| October | 4.4% | -0.8 |
| November | 4.4% | -0.4 |
| December | 4.6% | +0.7 |
| Average | 4.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.