Current inflation Madagasikara 7.4%
December 2023
Current Inflation
Inflation is very high at 9.9%, far above the ECB target.
Historical Context
Current inflation is 3.2% higher than the 5-year average of 6.7%.
- 5-year average
- 6.7%
- 10-year average
- 7%
- All-time high (2005)
- 18.8%
- All-time low (2003)
- -1.4%
Trend
Inflation shows an upward trend. Compared to 2022, inflation has risen by +1.7 percentage point.
ECB Target
Inflation is 7.9% 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 €109.90 next year at this inflation rate.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 9.9%
- Last year
- 8.2%
- 5-year average
- 9.9%
- All-time high (2005)
- 18.8%