Inflation Rate in Mongolia increased to 8.90 percent in August from 7.40 percent in July of 2021. source: Mongolbank

Inflation Rate in Mongolia averaged 9.14 percent from 2007 until 2021, 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 September of 2021.

Inflation Rate in Mongolia is expected to be 5.90 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 4.50 percent in 2022, according to our econometric models.

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Mongolia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
8.90 7.40 34.20 -0.20 2007 - 2021 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-22 09:00 AM May 6.2% 5.6% 3.8%
2021-07-20 09:00 AM Jun 6.6% 6.2% 6.5%
2021-08-20 09:00 AM Jul 7.4% 6.6% 6.5%
2021-09-15 09:00 AM Aug 8.9% 7.4% 7%
2021-10-15 09:00 AM Sep
2021-11-17 09:00 AM Oct
2021-12-11 09:00 AM Nov


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).