Inflation (CPI) during each president's tenure
Every president since 1991, ranked by how the inflation (CPI) changed from their first day in office. Politare shows what happened during a tenure; it does not claim the office-holder caused it.
| # | President | In office | Total | Per year | Chart |
|---|---|---|---|---|---|
| 1 | TIM Marc Ravalomanana | 22 Feb 2002 – 17 Mar 2009 | +5.8 pp Jan 2002 → Feb 2009 | +0.8 pp/yr | |
| 2 | HVM Hery Rajaonarimampianina | 25 Jan 2014 – 7 Sep 2018 | +2.6 pp Dec 2013 → Aug 2018 | +0.6 pp/yr | |
| 3 | N Guy Razanamasy | 31 Oct 1991 – 27 Mar 1993 | +2.4 pp Sep 1991 → Feb 1993 | +1.7 pp/yr | |
| 4 | UNDD Albert Zafy | 27 Mar 1993 – 5 Sep 1996 | +2.1 pp Feb 1993 → Aug 1996 | +0.6 pp/yr | |
| 5 |  Andry Rajoelina | 19 Jan 2019 – 14 Oct 2025 | +0.6 pp Dec 2018 → Sep 2025 | +0.1 pp/yr | |
| 6 | AREMA Didier Ratsiraka | 9 Feb 1997 – 22 Feb 2002 | −3.8 pp Jan 1997 → Jan 2002 | −0.8 pp/yr | |
| 7 | Andry Rajoelina | 17 Mar 2009 – 25 Jan 2014 | −4.1 pp Feb 2009 → Dec 2013 | −0.8 pp/yr |
Sorted by total, highest first. Every row is indexed to the last month complete before the first day in office ("from" marks a start that had to move because that period had no data, or because the period cut it); Levels are per cent changes, rates are differences in pp; "per year" compounds levels and divides rates. Tenures with under 12 months, or under three observations, are left out. % change on a year earlier · INSTAT consumer price index via the IMF (CPI, all items, INSTAT's base years spliced into one index by the IMF), change on the same month a year earlier · Madagascar data · as of Mar 2026.