Inflation Rate in Mongolia increased to 16.10 percent in June of 2022, the highest since March 2009, from 15.10 percent in the previous month. source: Mongolbank

Inflation Rate in Mongolia averaged 9.36 percent from 2007 until 2022, reaching an all time high of 34.20 percent in August of 2008 and a record low of -0.20 percent in October of 2016. This page provides the latest reported value for - Mongolia Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Mongolia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Inflation Rate in Mongolia is expected to be 13.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Mongolia Inflation Rate is projected to trend around 7.00 percent in 2023 and 6.50 percent in 2024, according to our econometric models.

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Mongolia Inflation Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-06-24 09:00 AM May 15.1% 14.4% 14.7%
2022-07-22 10:00 AM Jun 16.1% 15.1% 16.3%
2022-08-19 09:00 AM Jul 16.1%

Related Last Previous Unit Reference
Inflation Rate 16.10 15.10 percent Jun 2022
Inflation Rate Mom 1.50 1.40 percent Jun 2022
Core Inflation Rate 15.80 15.40 percent Apr 2022

Mongolia Inflation Rate
In Mongolia, the most important categories in the consumer price index are food and non-alcoholic beverages (39.7 percent of the total weight); clothing, footwear (15.3 percent) and housing, water, electricity, gas and other fuels (10.8 percent). The index also includes: transports (9.0 percent); furnishings, household equipment, and tools (5.6 percent); education (5.4 percent); recreation and culture (3.1 percent); communication (2.9 percent); alcoholic beverages and tobacco (2.8 percent); miscellaneous goods and services (2.7 percent); health (1.8 percent) and restaurants and hotels (1.0 percent).
Actual Previous Highest Lowest Dates Unit Frequency
16.10 15.10 34.20 -0.20 2007 - 2022 percent Monthly
2015=100, NSA

News Stream
Mongolia May Inflation Rate Hits 9-1/2-Year High
The annual inflation rate in Mongolia picked up to 15.1% in May of 2022, from 14.4% in April and March. It was the highest reading since November of 2012, amid a generalized increase in prices of products and services. Main upward pressure came from prices of transport (25.6%, the same pace as in April); food & non-alcoholic beverages (18% vs 16.8%); restaurants & hotels (16.8% vs 15%); health (16.1% vs 15.2%); furnishings (15.3% vs 13.8%) and miscellaneous goods & services (15.1% vs 14.1%). On a monthly basis, consumer prices were up 1.4%, following a 2.4% rise in the previous month.
Mongolia Inflation Rate Quickens in March
The annual inflation rate in Mongolia inched up to 14.4 percent in March of 2022. from 14.2 percent increase in the previous month, as prices rose faster in transportation (23.8 percent vs 21.5 percent in February); in clothing & footwear (11.5 percent vs 11.1 percent); medicines & medical services (14.2 percent vs 13.1 percent); and other goods & services (12.8 percent vs 12.6 percent). Also, inflation remained elevated for food & non-alcoholic beverages (18.0 percent, the same as in February) and housing & utilities (14.7 percent vs 15.0 percent). On a monthly basis, consumer prices edged up 0.8 percent, slowing from a 1.1 percent rise in February.
Mongolia Inflation Rate Slows to 14.2% in February
The annual inflation rate in Mongolia eased to 14.2 percent in February of 2022 from 14.6 percent in the previous month. Cost slowed for food and non-alcoholic beverages (18 percent vs 21.3 percent); housing (15 percent vs 15.8 percent); restaurants and hotels (18.8 percent vs 19.6 percent); and alcoholic beverages and tobacco (7.5 percent vs 7.8 percent) while remained steady for education (at 3.8 percent). Meanwhile, prices rose faster for and for clothing & footwear (11.1 percent vs 9.6 percent); transport (21.5 percent vs 21.1 percent); furnishings and household equipment (12.4 percent vs 10.7 percent) and recreation and culture (4.5 percent vs 3.9 percent); communication (3.4 percent vs 2.4 percent); On a monthly basis, consumer price inflation rose 1.1 percent, slowing from a 2 percent increase in the previous month.