Mongolia Inflation Rate Hits Over 3-Year High

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.

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.

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.