Madagascar: sharp rise in consumer prices for households

maryam lahbal
maryam lahbal
2 Min Read

In Madagascar, consumer prices for households increased by 10.8% between November 2021 and November 2022. “Galloping inflation”, says economists from the National Institute of Statistics, which unfortunately did not seem to Wasn’t it compensated for the growth in the country, over this same period. A rise in prices that the population particularly feels in different areas.

+10.8% on consumer prices in one year. Rice, oil, gasoline, medicines, but also services, such as a haircut, a bus tickets, surgical operations, or home insurance: in all, more than 600 products and services have been identified and their prices collected and compared to arrive at this statistic.

“Everything has increased”

At the Analakely market, a mother comments on her purchases: “You see, this bar of soap, last year, it cost 4,000 ariary. Now, we pay 8,500. Same for this can of condensed milk! Before, it was 2,000 ariary. Now its price has doubled too! Everything has increased. Few are able today to buy what they need. »

In another district of the capital, in front of a public college in the 3rd arrondissement, another head of the family says: “At the start of the 2021 school year, I did not pay overheads because the president had announced that fees would be free. Whereas in 2022, I had to pay 40,000 ariary for my son in 5th grade. And 35,000 ariary for my son in 3rd grade. It’s difficult because it adds significant expenses to our annual budget! »

Maryam Lahbal

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