Inflation Rate in Mongolia increased to 9.60 percent in September from 8.90 percent in August of 2021. source: Mongolbank

Inflation Rate in Mongolia averaged 9.14 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 October of 2021.

Inflation Rate in Mongolia is expected to be 6.70 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 4.50 percent in 2022, according to our econometric models.

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Mongolia Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-20 09:00 AM Jun 6.6% 6.2% 6.5%
2021-08-20 09:00 AM Jul 7.4% 6.6% 6.5%
2021-09-15 09:00 AM Aug 8.9% 7.4% 7%
2021-10-15 08:30 AM Sep 9.6% 8.9%
2021-11-17 09:00 AM Oct 9.6%
2021-12-11 09:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


Mongolia Last Unit Reference Previous Highest Lowest
Inflation Rate 9.60 percent Sep/21 8.90 34.20 -0.20
Inflation Rate Mom 0.30 percent Sep/21 0.40 3.20 -2.80
Core Inflation Rate 8.10 percent Aug/21 7.00 17.90 -0.10


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).