Malagasy Ariary Inflation Calculator
MGA 100.00 in 1964 has the same buying power as MGA 53,709 in 2026.
Convert Malagasy Ariary between any two years
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MGA 100.00 in 2001 is worth MGA 746.56 in 2026
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Inflation analysis
Inflation in Madagascar
This page covers 63 years of Madagascar consumer price data, from 1964 to 2026. The steepest single year on record was 1995, when consumer prices in Madagascar rose 49.1%. A rate that high compounds brutally: at that pace money loses about half its value every two years.
Prices fell in 1 of those 62 years, including in recent decades — about 2% of the time — most sharply in 2003, when they dropped 1.7%. In a year like that money gained purchasing power rather than losing it. By decade, the 1980s were the most inflationary stretch, averaging 18.6% a year, while the 1960s were the calmest at 2.6%. Over the last ten years inflation has averaged 7.5% a year, below the 11.0% average across the whole record.
Madagascar CPI and inflation rate by year
The full annual series behind this calculator, from 1964 to 2026. The final column shows what MGA 100.00 in that year is worth in 2026 money.
| Year | CPI index | Inflation | MGA 100.00 then, in 2026 |
|---|---|---|---|
| 2026 | 217.94 | 8.30% | MGA 100.00 |
| 2025 | 201.23 | 8.05% | MGA 108.30 |
| 2024 | 186.24 | 7.61% | MGA 117.02 |
| 2023 | 173.06 | 9.87% | MGA 125.93 |
| 2022 | 157.51 | 8.16% | MGA 138.36 |
| 2021 | 145.63 | 5.81% | MGA 149.65 |
| 2020 | 137.63 | 4.20% | MGA 158.35 |
| 2019 | 132.08 | 5.61% | MGA 165.01 |
| 2018 | 125.06 | 8.59% | MGA 174.26 |
| 2017 | 115.16 | 8.61% | MGA 189.24 |
| 2016 | 106.04 | 6.04% | MGA 205.53 |
| 2015 | 100.00 | 7.40% | MGA 217.94 |
| 2014 | 93.11 | 6.08% | MGA 234.07 |
| 2013 | 87.77 | 5.83% | MGA 248.31 |
| 2012 | 82.94 | 5.71% | MGA 262.77 |
| 2011 | 78.45 | 9.48% | MGA 277.79 |
| 2010 | 71.66 | 9.25% | MGA 304.13 |
| 2009 | 65.59 | 8.95% | MGA 332.25 |
| 2008 | 60.20 | 9.30% | MGA 362.00 |
| 2007 | 55.08 | 10.29% | MGA 395.66 |
| 2006 | 49.94 | 10.77% | MGA 436.36 |
| 2005 | 45.09 | 18.36% | MGA 483.34 |
| 2004 | 38.09 | 13.96% | MGA 572.10 |
| 2003 | 33.43 | -1.70% | MGA 651.94 |
| 2002 | 34.01 | 16.50% | MGA 640.83 |
| 2001 | 29.19 | 7.92% | MGA 746.56 |
| 2000 | 27.05 | 11.86% | MGA 805.66 |
| 1999 | 24.18 | 9.93% | MGA 901.21 |
| 1998 | 22.00 | 6.21% | MGA 990.70 |
| 1997 | 20.71 | 4.49% | MGA 1,052 |
| 1996 | 19.82 | 19.76% | MGA 1,099 |
| 1995 | 16.55 | 49.08% | MGA 1,317 |
| 1994 | 11.10 | 38.94% | MGA 1,963 |
| 1993 | 7.99 | 10.01% | MGA 2,727 |
| 1992 | 7.26 | 14.51% | MGA 3,000 |
| 1991 | 6.34 | 8.59% | MGA 3,435 |
| 1990 | 5.84 | 11.78% | MGA 3,731 |
| 1989 | 5.23 | 9.01% | MGA 4,170 |
| 1988 | 4.79 | 26.85% | MGA 4,546 |
| 1987 | 3.78 | 14.99% | MGA 5,767 |
| 1986 | 3.29 | 14.50% | MGA 6,632 |
| 1985 | 2.87 | 10.56% | MGA 7,593 |
| 1984 | 2.60 | 9.86% | MGA 8,395 |
| 1983 | 2.36 | 19.33% | MGA 9,222 |
| 1982 | 1.98 | 31.79% | MGA 11,005 |
| 1981 | 1.50 | 30.54% | MGA 14,503 |
| 1980 | 1.15 | 18.22% | MGA 18,932 |
| 1979 | 0.97 | 14.06% | MGA 22,381 |
| 1978 | 0.85 | 6.53% | MGA 25,527 |
| 1977 | 0.80 | 3.11% | MGA 27,193 |
| 1976 | 0.78 | 4.99% | MGA 28,038 |
| 1975 | 0.74 | 8.19% | MGA 29,437 |
| 1974 | 0.68 | 22.10% | MGA 31,848 |
| 1973 | 0.56 | 6.12% | MGA 38,887 |
| 1972 | 0.53 | 5.62% | MGA 41,266 |
| 1971 | 0.50 | 5.39% | MGA 43,587 |
| 1970 | 0.47 | 2.88% | MGA 45,934 |
| 1969 | 0.46 | 3.83% | MGA 47,256 |
| 1968 | 0.44 | 0.96% | MGA 49,066 |
| 1967 | 0.44 | 0.82% | MGA 49,535 |
| 1966 | 0.44 | 3.21% | MGA 49,939 |
| 1965 | 0.42 | 4.20% | MGA 51,543 |
| 1964 | 0.41 | — | MGA 53,709 |
Popular Malagasy Ariary comparisons
- MGA 100.00 in 2025 → MGA 108.30
- MGA 100.00 in 2024 → MGA 117.02
- MGA 100.00 in 2023 → MGA 125.93
- MGA 100.00 in 2022 → MGA 138.36
- MGA 100.00 in 2021 → MGA 149.65
- MGA 100.00 in 2020 → MGA 158.35
- MGA 100.00 in 2010 → MGA 304.13
- MGA 100.00 in 2000 → MGA 805.66
- MGA 100.00 in 1990 → MGA 3,731
- MGA 100.00 in 1980 → MGA 18,932
- MGA 100.00 in 1970 → MGA 45,934
Browse every year
A detailed page for each start year, from 1964 to 2025.
Madagascar inflation FAQ
- What is the current inflation rate in Madagascar?
- Madagascar inflation was 8.30% in 2026, the most recent year in this dataset, measured as the change in the annual average consumer price index from 2025.
- How much has Malagasy Ariary lost in value since 1964?
- MGA 100.00 in 1964 has the same purchasing power as MGA 53,709 in 2026. That is cumulative inflation of 53,608.56% over 62 years, an average of 10.67% per year.
- What years does this Madagascar inflation calculator cover?
- This calculator covers 63 years, from 1964 to 2026. You can convert an amount between any two years in that range.
- Can Malagasy Ariary inflation be negative?
- Yes. Negative inflation, or deflation, means prices fell and Malagasy Ariary gained purchasing power over that year. Madagascar recorded deflation in 1 of the 62 years measured here, most recently in 2003. The steepest fall was -1.70% in 2003.
- What is the difference between CPI and the inflation rate?
- The consumer price index (CPI) is a level: it measures the cost of a fixed basket of goods and services in a given year. The inflation rate is the percentage change in that level between two periods. This calculator uses the ratio of CPI values for your two chosen years to convert an amount between them.
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