Madagascar’s headline inflation was 6.7% y/y in Mar 2026.

Lower is better. Lower inflation is better because it protects what wages and savings can buy, and it makes prices easier to plan around. The latest figure, 6.7% y/y for March 2026, is down from 8.4% y/y a year earlier, a fall of 1.7 percentage points. Within the range since Apr 2024, it sits near the bottom, just above the low of 6.2% y/y in Jan 2026 and well below the high of 9.5% y/y in Jan 2025.

Why it matters. At 6.7% y/y, prices are still rising faster than many household incomes, so a family buying rice, fuel and transport pays noticeably more than a year ago. Slower price growth than in early 2025 eases some of that pressure on food budgets. For firms and the state, a lower rate makes costs and contracts easier to forecast and reduces the strain of inflation on public wages and spending.