Macroeconomic Forecast Madagascar

October 2008 | Macroeconomic Forecasts

BMI View: Consumer inflation came in at 11.3% y-o-y in August, up from 10.6% y-o-y in July. We believe it may have peaked, given the slumping of global commodity prices over September-October, and have pencilled in inflation of 8.6% and 6.0% by end-08 and end-09 respectively.

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