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. source: Mongolbank
Inflation Rate in Mongolia averaged 9.26 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 May of 2022.
Inflation Rate in Mongolia is expected to be 12.00 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.