Mongolia Inflation Rate Accelerates in October

2026-11-09 08:20 By Nicole Aliyah 1 min. read

The annual inflation rate in Mongolia accelerated to 13.4% in October 2026, up from 12.9% in September and marking the highest since November 2022.

Price growth picked up across several categories, particularly transport (19.3% vs 15.2% in September), alcoholic beverages and tobacco (16.5% vs 15.2%), clothing and footwear (8.5% vs 7.2%), and restaurants and hotels (19.8% vs 18.7%).

Inflation also increased for furnishings and household equipment (7.7% vs 7.3%), recreation and culture (8.4% vs 7.6%), and communication (1.2% vs 1.0%).

Meanwhile, price growth eased for food and non-alcoholic beverages (19.8% vs 20.8%), housing and utilities (5.9% vs 6.0%), and miscellaneous goods and services (9.3% vs 9.9%).

Inflation remained unchanged in health (6.9%), education (17.7%), and insurance and financial services (17.1%).

On a monthly basis, consumer prices rose 1.1% in October, up from 0.6% in the previous month.



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Mongolia Inflation Rate Accelerates in October
The annual inflation rate in Mongolia accelerated to 13.4% in October 2026, up from 12.9% in September and marking the highest since November 2022. Price growth picked up across several categories, particularly transport (19.3% vs 15.2% in September), alcoholic beverages and tobacco (16.5% vs 15.2%), clothing and footwear (8.5% vs 7.2%), and restaurants and hotels (19.8% vs 18.7%). Inflation also increased for furnishings and household equipment (7.7% vs 7.3%), recreation and culture (8.4% vs 7.6%), and communication (1.2% vs 1.0%). Meanwhile, price growth eased for food and non-alcoholic beverages (19.8% vs 20.8%), housing and utilities (5.9% vs 6.0%), and miscellaneous goods and services (9.3% vs 9.9%). Inflation remained unchanged in health (6.9%), education (17.7%), and insurance and financial services (17.1%). On a monthly basis, consumer prices rose 1.1% in October, up from 0.6% in the previous month.
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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.
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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.
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