Mongolia’s inflation rate increased to 5.6 percent in January of 2020 from 5.2 percent in the previous month. It was the highest inflation since October of 2019, as prices advanced faster for housing & utilities (5.2 percent vs 3.2 percent in December) and furniture & household equipment (4.0 percent vs 3.9 percent) while transport cost rebounded (1.1 percent vs -1.4 percent). On the other hand, prices slowed for food & non-alcoholic beverages (7.8 percent vs 8.3 percent); clothing & footwear (6.7 percent vs 7.1 percent); recreation & culture (9.1 percent vs 9.3 percent); alcoholic beverages & tobacco (2.7 percent vs 3.3 percent); miscellaneous goods & services (5.7 percent vs 5.8 percent) and restaurants & hotels (9.3 percent vs 9.8 percent). On a monthly basis, consumer prices went up 0.9 percent, following a 0.6 percent rise in the prior month.

Inflation Rate in Mongolia averaged 9.73 percent from 2007 until 2020, 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.

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 7.00 percent in 2021 and 6.50 percent in 2022, according to our econometric models.


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Mongolia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.60 5.20 34.20 -0.20 2007 - 2020 percent Monthly
2015=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
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%
2020-02-17 09:00 AM Jan 5.6% 5.2% 5.1%
2020-03-18 09:00 AM Feb 5.6% 5.4%
2020-04-20 09:00 AM Mar 5.1%
2020-05-18 09:00 AM Apr
2020-06-18 09:00 AM May


News Stream
Mongolia Inflation Rate Picks Up to 3-Month High in January
Mongolia’s inflation rate increased to 5.6 percent in January of 2020 from 5.2 percent in the previous month. It was the highest inflation since October of 2019, as prices advanced faster for housing & utilities (5.2 percent vs 3.2 percent in December) and furniture & household equipment (4.0 percent vs 3.9 percent) while transport cost rebounded (1.1 percent vs -1.4 percent). On the other hand, prices slowed for food & non-alcoholic beverages (7.8 percent vs 8.3 percent); clothing & footwear (6.7 percent vs 7.1 percent); recreation & culture (9.1 percent vs 9.3 percent); alcoholic beverages & tobacco (2.7 percent vs 3.3 percent); miscellaneous goods & services (5.7 percent vs 5.8 percent) and restaurants & hotels (9.3 percent vs 9.8 percent).On a monthly basis, consumer prices went up 0.9 percent, following a 0.6 percent rise in the prior month.
2020-02-17
Mongolia Inflation Rate Steady at 5.2% in December
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.
2020-01-17
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.
2019-12-12
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.
2019-11-15

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).