The annual inflation rate in Mongolia rose to 12.9% in September 2026 from 12.4% in the previous month. Non-food prices climbed 20.8%, while goods prices increased 10% and services costs rose 11.2%. On a monthly basis, consumer prices increased 0.6% in September, easing from a 1.1% rise in August. source: National Statistical Office of Mongolia

Inflation Rate in Mongolia increased to 12.90 percent in September from 12.40 percent in August of 2026. Inflation Rate in Mongolia averaged 9.38 percent from 2007 until 2026, 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 2026.

Inflation Rate in Mongolia increased to 12.90 percent in September from 12.40 percent in August of 2026. Inflation Rate in Mongolia is expected to be 9.00 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 6.30 percent in 2027 and 6.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-08 09:00 AM
Inflation Rate YoY
Aug 12.5% 13.0% 12.6%
2026-10-08 09:00 AM
Inflation Rate YoY
Sep 12.9% 12.5% 10.4%
2026-11-09 08:00 AM
Inflation Rate YoY
Oct 12.9%


Related Last Previous Unit Reference
Consumer Price Index CPI 131.70 130.90 points Sep 2026
CPI Clothing 125.10 124.30 points Sep 2026
CPI Education 171.90 171.30 points Sep 2026
CPI Food 143.30 144.40 points Sep 2026
CPI Health 119.10 118.50 points Sep 2026
CPI Housing Utilities 135.90 134.60 points Sep 2026
CPI Recreation and Culture 121.60 121.30 points Sep 2026
CPI Restaurants and Hotels 150.10 146.60 points Sep 2026
CPI Transportation 118.00 114.30 points Sep 2026
Food Inflation 20.80 21.50 percent Sep 2026
Inflation Rate YoY 12.90 12.40 percent Sep 2026
Inflation Rate MoM 0.60 1.10 percent Sep 2026
Producer Prices 127.80 122.20 points Sep 2026
Producer Prices Change 30.40 26.50 percent Sep 2026


Mongolia Inflation Rate
In Mongolia, the most important categories in the consumer price index are food and non-alcoholic beverages (25 percent of the total weight); transports (16 percent); clothing, footwear (12 percent); and housing, water, electricity, and fuels (10 percent). The index also includes: health (7 percent); communication and postal service (6 percent); miscellaneous goods and services (6 percent); furnishings and household equipment (5 percent); education (5 percent); restaurants and hotels (3 percent); recreation and culture (2 percent); alcoholic beverages and tobacco (1 percent); and insurance and finance services (1 percent).
Actual Previous Highest Lowest Dates Unit Frequency
12.90 12.40 34.20 -0.20 2007 - 2026 percent Monthly
2023=100, NSA

News Stream
Mongolia Inflation Rate Eases in August
The annual inflation rate in Mongolia eased to 12.5% in August 2026, following a more than three-year high of 13.0% in the previous month. Price growth moderated for food and non-alcoholic beverages (21.5% vs 25.5% in July), health, medical care and services (7.1% vs 7.5%), and miscellaneous goods and services (9.4% vs 9.8%). Meanwhile, inflation picked up for alcoholic beverages and tobacco (14.2% vs 12.6%), transport (11.2% vs 10.0%), education (17.4% vs 12.8%), clothing, footwear, and cloth (7.4% vs 7.2%), furnishing and household equipment (8.9% vs 8.7%), recreation and culture (7.7% vs 6.6%), housing and utilities (5.4% vs 5.1%), restaurants and hotels (16.4% vs 16.2%), and insurance and financial services (17.1% vs 17.0%). At the same time, prices remained steady for communication at 1.6%. On a monthly basis, consumer prices rose 1.1% in August, up from 0.9% in the previous month.
2026-09-08
Mongolia Inflation Rate Hits Over 3-Year High
The annual inflation rate in Mongolia rose to 13.0% year-on-year in July 2026 from 12.0% in the previous month, reaching its highest level since December 2022. Prices accelerated for food and non-alcoholic beverages (25.5% vs 24.8% in June), alcoholic beverages and tobacco (12.6% vs 12.0%), transport (10.0% vs 5.7%), clothing and footwear (7.2% vs 7.0%), furnishings, household equipment and tools (8.7% vs 8.0%), health (7.5% vs 7.2%), recreation and culture (6.6% vs 5.5%), restaurants and hotels (16.2% vs 15.2%), and miscellaneous goods and services (9.8% vs 9.1%). Meanwhile, inflation eased slightly for housing and utilities (5.1% vs 5.3%) while remaining unchanged for communication (1.6%), education (12.8%), and insurance and financial services (17.0%). On a monthly basis, consumer prices rose 0.9% in July, edging down from 1.0% in the previous month.
2026-08-10
Mongolia Inflation Rate Highest in Over 3 Years
The annual inflation rate in Mongolia rose to 12.0% year-on-year in June 2026 from 11.2% in the previous month, reaching its highest level since March 2023. Prices accelerated for food and non-alcoholic beverages (24.8% vs 23.4% in May), alcoholic beverages and tobacco (12.0% vs 11.4%), clothing and footwear (7.0% vs 6.8%), housing and utilities (5.3% vs 1.7%), furnishings, household equipment and tools (8.0% vs 7.8%), health (7.2% vs 7.1%), and restaurants and hotels (15.2% vs 11.0%). Meanwhile, inflation eased slightly for transport (5.7% vs 5.8%), recreation and culture (5.5% vs 6.3%), and miscellaneous goods and services (9.1% vs 9.8%), while remaining unchanged for communication (1.6%), education (12.8%), and insurance and financial services (17.0%). On a monthly basis, consumer prices rose 1.0% in June, easing from 1.2% in the previous month.
2026-07-08