Inflation Rate in Mongolia increased to 13.40 percent in December from 10.50 percent in November of 2021. source: Mongolbank

Inflation Rate in Mongolia averaged 9.18 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 January of 2022.

Inflation Rate in Mongolia is expected to be 8.50 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.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Mongolia Inflation Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-11-17 09:00 AM Oct 9.7% 9.6% 10%
2021-12-15 11:00 AM Nov 10.5% 9.7% 9.9%
2022-01-25 08:30 AM Dec 10.5% 12%

Related Last Previous Unit Reference
Inflation Rate 13.40 10.50 percent Dec/21
Inflation Rate Mom 2.10 1.30 percent Dec/21
Core Inflation Rate 7.70 6.60 percent Nov/21
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).