Cost of food in Mongolia increased 9.10 percent in December of 2018 over the same month in the previous year. Food Inflation in Mongolia averaged 10.72 percent from 2007 until 2018, reaching an all time high of 55.90 percent in May of 2008 and a record low of -7.60 percent in August of 2009.
Food Inflation in Mongolia is expected to be 8.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Mongolia to stand at 7.30 in 12 months time. In the long-term, the Mongolia Food Inflation is projected to trend around 5.50 percent in 2020, according to our econometric models.