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. source: Mongolbank

Inflation Rate in Mongolia increased to 13 percent in July from 12 percent in June of 2026. Inflation Rate in Mongolia averaged 9.35 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 August of 2026.

Inflation Rate in Mongolia increased to 13 percent in July from 12 percent in June of 2026. Inflation Rate in Mongolia is expected to be 10.40 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
2026-07-08 09:00 AM
Inflation Rate YoY
Jun 12.0% 11.2% 12%
2026-08-10 09:00 AM
Inflation Rate YoY
Jul 13.0% 12.0% 12.3%
2026-09-08 09:00 AM
Inflation Rate YoY
Aug 13.0%


Related Last Previous Unit Reference
Consumer Price Index CPI 129.50 128.40 points Jul 2026
CPI Housing Utilities 133.50 133.20 points Jul 2026
CPI Transportation 111.50 108.60 points Jul 2026
Food Inflation 25.50 24.80 percent Jul 2026
Inflation Rate YoY 13.00 12.00 percent Jul 2026
Inflation Rate MoM 0.90 1.00 percent Jul 2026
Producer Prices 122.10 119.60 points Jun 2026
Producer Prices Change 27.50 25.20 percent Jun 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
13.00 12.00 34.20 -0.20 2007 - 2026 percent Monthly
2023=100, NSA

News Stream
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
Mongolia Inflation Rate Hits 3-Year High
The annual inflation rate in Mongolia accelerated to 11.2% year-on-year in May 2026 from 10.1% in the previous month, reaching its highest level since May 2023. Prices rose faster for food and non-alcoholic beverages (23.4% vs 19.7% in April), while inflation continued to increase for clothing and footwear (6.8% vs 6.4%), health (7.1% vs 6.9%), communication (1.6% vs 1.5%), restaurants and hotels (11% vs 10.4%), and alcoholic beverages and tobacco (11.4% vs 10.2%). Meanwhile, inflation eased slightly for furnishings, household equipment and tools (7.8% vs 7.9%), transport (5.8% vs 5.9%), recreation and culture (6.3% vs 6.6%), and miscellaneous goods and services (9.8% vs 9.9%), while remaining unchanged for education (12.8%) and insurance and financial services (17%). On a monthly basis, consumer prices increased 1.2% in May, slowing from a 2.8% rise in the previous month.
2026-06-08