Consumer prices in Mongolia increased 5.2 percent year-on-year in December of 2019, the same pace as in the previous month. Prices slowed for food and non-alcoholic beverages (8.3 percent vs 9.5 percent in November); housing & utilities (3.2 percent vs 4.0 percent); recreation & culture (9.3 percent vs 9.6 percent) and health (3.3 percent vs 3.6 percent). On the other hand, cost advanced faster for clothing & footwear (7.1 percent vs 6.5 percent); furniture & household equipment (3.9 percent vs 3.4 percent); alcoholic beverages & tobacco (3.3 percent vs 3.1 percent); miscellaneous goods & services (5.8 percent vs 4.8 percent) and restaurants & hotels (9.8 percent vs 9.7 percent) while transport prices drooped less (-1.4 percent vs -2.6 percent). On a monthly basis, consumer prices went up 0.6 percent, after decreasing 0.4 percent in November. Inflation Rate in Mongolia averaged 9.76 percent from 2007 until 2019, 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.

Inflation Rate in Mongolia is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Mongolia to stand at 7.50 in 12 months time. In the long-term, the Mongolia Inflation Rate is projected to trend around 6.50 percent in 2020, according to our econometric models.


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Mongolia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.20 5.20 34.20 -0.20 2007 - 2019 percent Monthly
2015=100, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-15 08:00 AM Sep 9.0% 8.9% 8.5%
2019-11-15 11:00 AM Oct 7.6% 9.0% 7.8%
2019-12-12 08:00 AM Nov 5.2% 7.6% 6.0%
2020-01-16 09:00 AM Dec 5.2% 5.2% 5.0%
2020-02-14 10:25 AM Jan 5.2% 5.1%


News Stream
2019-12-12
Mongolia Inflation Rate Slows to Over 2-Year Low
Mongolia's consumer price inflation fell to 5.2 percent year-on-year in November 2019, the lowest since August 2017, from 7.6 percent in the previous month. Price increases were recorded for food and non-alcoholic beverages (9.5 percent); clothing, footwear (6.5 percent); housing, water, electricity, gas and other fuels (4.0 percent); furnishings, household equipment (3.4 percent); and education (9.6 percent). On the other hand, transport prices dropped 2.6 percent. On a monthly basis, consumer prices fell 0.4 percent.

2019-11-15
Mongolia Inflation Rate Slows to 3-Month Low in October
The annual inflation rate in Mongolia went down to 7.6 percent in October of 2019 from 9.0 percent in the previous month. It was the lowest inflation rate since July, as cost slowed for food & non-alcoholic beverages (14 percent vs 15.6 percent in September); clothing & footwear (8.1 percent vs 8.9 percent); housing & utilities (8.6 percent vs 11.3 percent); furniture & household equipment (4.4 percent vs 4.6 percent); recreation & culture (10.8 percent vs 13 percent); alcoholic beverages & tobacco (3.2 percent vs 3.6 percent); miscellaneous goods & services (5.7 percent vs 6.0 percent); health (4.8 percent vs 5.3 percent) and restaurants & hotels (11.9 percent vs 12.3 percent). In addition, transport cost dropped 0.8 percent, after increasing 2.1 percent. On a monthly basis, consumer prices fell 0.3 percent, after a flat reading in September.

2019-10-15
Mongolia Inflation Rate Highest Since 2015
Annual inflation rate in Mongolia climbed to 9.0 percent in September of 2019 from 8.9 percent in the prior month. It was the highest inflation rate since February of 2015, as prices advanced faster for food & non-alcoholic beverages (15.6 percent vs 13.3 percent in August); furniture & household equipment (4.6 percent vs 4.3 percent) and restaurants & hotels (12.3 percent vs 11 percent). On the other hand, cost slowed for clothing & footwear (8.9 percent vs 9.3 percent); housing & utilities (11.3 percent vs 12.1 percent); transport (2.1 percent vs 3.4 percent); recreation & culture (13 percent vs 14.4 percent); education (9.6 percent vs 9.7 percent); alcoholic beverages & tobacco (3.6 percent vs 4.2 percent); miscellaneous goods & services (6.0 percent vs 6.2 percent) and health (5.3 percent vs 6.5 percent). On a monthly basis, consumer prices showed no growth, after a 0.3 percent increase in August.

2019-09-12
Mongolia Inflation Rate Highest Since 2015
Annual inflation rate in Mongolia climbed to 8.9 percent in August of 2019 from 7.4 percent in the prior month. It was the highest inflation rate since February of 2015, as prices advanced faster for food & non-alcoholic beverages (13.3 percent vs 7.4 percent in July); housing & utilities (12.1 percent vs 9.1 percent); transport (3.4 percent vs 2.9 percent); furniture & household equipment (4.3 percent vs 4.2 percent); education (9.7 percent vs 5.6 percent); alcoholic beverages & tobacco (4.2 percent vs 3.0 percent); miscellaneous goods & services (6.2 percent vs 5.9 percent) and restaurants & hotels (11 percent vs 9.4 percent). On the other hand, cost slowed for clothing & footwear (9.3 percent vs 9.7 percent); recreation & culture (14.4 percent vs 15.4 percent) and health (6.5 percent vs 8.1 percent). On a monthly basis, consumer prices increased 0.3 percent, after a 0.2 percent decline in July.

2019-08-14
Mongolia Inflation Rate Slows to 3-Month Low in July
The annual inflation rate in Mongolia went down to 7.4 percent in July 2019 from 8.1 percent in the previous month. It was the lowest inflation rate since April, as cost slowed for food & non-alcoholic beverages (7.4 percent vs 8.1 percent in June); clothing & footwear (9.7 percent vs 9.8 percent); transport (2.9 percent vs 4.8 percent); furniture & household equipment (4.2 percent vs 4.3 percent); recreation & culture (15.36 percent vs 17.3 percent); alcoholic beverages & tobacco (3.0 percent vs 3.8 percent) and health (8.1 percent vs 8.6 percent). Meanwhile, prices advanced faster for housing & utilities (9.1 percent vs 8.8 percent) and restaurants & hotels (9.4 percent vs 8.8 percent) while inflation was steady for education (at 5.6 percent); communication (at 1.0 percent) and miscellaneous goods & services (at 5.9 percent). On a monthly basis, consumer prices dropped 0.2 percent, after a 0.7 percent rise in June.

2019-07-18
Mongolia Inflation Rate Picks Up to 6-Month High of 8.1%
Mongolia’s inflation rate increased to 8.1 percent in June of 2019 from 7.9 percent in the previous month. It was the highest inflation since December 2018, as cost rose faster for clothing & footwear (9.8 percent from 8.5 percent in May); furnishing & household equipment (4.3 percent from 4.1 percent); recreation & culture (17.3 percent from 10.5 percent); communication (1 percent from 0.7 percent) and restaurant & hotels (8.8 percent from 7.8 percent). On the other hand, prices slowed for food & non-alcoholic beverages (10.8 percent from 11.3 percent); housing & utilities (8.8 percent from 9 percent); transport (4.8 percent from 5.2 percent); alcoholic beverages & tobacco (3.8 percent from 4 percent); miscellaneous goods & services (5.9 percent from 6.1 percent) and health (8.6 percent from 9.5 percent). Meantime, inflation was steady for education (at 5.6 percent). On a monthly basis, consumer prices went up 0.7 percent, easing from a 1.4 percent advance in May.


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).

Mongolia Prices Last Previous Highest Lowest Unit
Inflation Rate 5.20 5.20 34.20 -0.20 percent [+]
Inflation Rate Mom 0.60 -0.40 3.20 -2.80 percent [+]
Producer Prices 136.10 134.80 247.50 91.00 points [+]
Producer Prices Change -2.50 0.80 78.10 -23.80 percent [+]
Consumer Price Index Cpi 122.00 121.30 122.20 64.80 points [+]
Core Inflation Rate 4.20 4.00 17.90 0.10 percent [+]
Food Inflation 8.30 9.50 55.90 -7.60 percent [+]