Mongolia Inflation Rate Hits Over 2-Year High

The annual inflation rate in Mongolia rose to 10.1% in April 2026 from 7.4% in the previous month. This marked the highest reading since September 2023, as prices increased at a faster pace for food and non-alcoholic beverages (19.7% vs 14.1% in March), alcoholic beverages and tobacco (10.1% vs 8.1%), housing and utilities (1.6% vs 1.3%), furnishings, household equipment and tools (7.9% vs 7.2%), health (6.9% vs 6.1%), restaurants and hotels (10.4% vs 9.9%), insurance and financial services (17.0% vs 3.9%), and miscellaneous goods and services (9.9% vs 8.7%). Additionally, transport costs rebounded sharply (5.9% vs -0.1%), while remaining steady in communication (1.5%), recreation and culture (6.6% vs 6.5%), and education (12.8%). Meanwhile, growth moderated slightly in clothing and footwear (6.4% vs 6.5%). On a monthly basis, consumer prices rose 2.8% in April, the highest since January 2012, following a 1.2% increase in March.

The annual inflation rate in Mongolia rose to 7.4% in March 2026, following an eighteen-month low of 6.5% in the previous month. Prices increased at a faster pace for food and non-alcoholic beverages (14.1% vs 12.3% in February), alcoholic beverages and tobacco (8.1% vs 7.5%), furnishings, household equipment and tools (7.2% vs 6.3%), and recreation and culture (6.6% vs 6.5%). Additionally, price growth was steady for clothing and footwear (6.5%), communication (1.5%), education (12.8%), insurance and financial services (3.9%), and miscellaneous goods and services (8.7%). Meanwhile, costs moderated for housing and utilities (1.3% vs 2%), health (6.1% vs 6.2%), and restaurants and hotels (9.9% vs 10.6%). On a monthly basis, consumer prices rose 1.2% in March, the highest in seven months, following a 0.5% increase in February.

The annual inflation rate in Mongolia slowed to 6.5% in February 2026 from 7.5% in each of the previous two months, marking the lowest reading since August 2024. Prices increased at a softer pace for food and non-alcoholic beverages (12.3% vs 12.6% in January), clothing, footwear, and cloth (6.5% vs 6.6%), housing and utilities (2% vs 4.3%), health, medical care and services (6.2% vs 6.5%), and miscellaneous goods and services (8.7% vs 8.9%). At the same time, transport costs declined 2.7%, reversing from a 2.1% rise in January. Meanwhile, inflation picked up for furnishing and household equipment (6.3% vs 5.3%), restaurants and hotels (10.6% vs 8.5%), recreation and culture (6.5% vs 6.1%), and alcoholic beverages and tobacco (7.5% vs 7.4%), while prices remained steady for education (12.8%), communication (1.5%), and insurance and financial services (3.9%). On a monthly basis, consumer prices rose 0.5% in February, easing from a 1.1% increase in the preceding period.