Cost of food in Mongolia increased 4.70 percent in May of 2020 over the same month in the previous year.
Food Inflation in Mongolia averaged 10.64 percent from 2007 until 2020, reaching an all time high of 55.90 percent in May of 2008 and a record low of -7.60 percent in August of 2009. This page provides the latest reported value for - Mongolia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mongolia Food Inflation - values, historical data and charts - was last updated on August of 2020.
Food Inflation in Mongolia is expected to be 7.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Mongolia to stand at 5.50 in 12 months time. In the long-term, the Mongolia Food Inflation is projected to trend around 5.50 percent in 2021, according to our econometric models.