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Madagascar: Increase of 7.1% of the consumer price in twelve months




The population of Tananarive is still having difficulties to make ends meet, with economic growth which is struggling to start despite the 5% growth announced for 2015.
 
The consumer price in the Malagasy capital recorded in February 2015 are thus increase of 7.1% year over year.
 
Inflation is mostly the consequence of the depreciation of the local currency of Madagascar, the ariary which has brought in its wake a slowdown in imports of consumer products in Madagascar and increased local prices of essential commodities.



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