Mongolia Inflation Rate

Last Release

Jan 31, 2025

Actual

9.6

Units In

Frequency

Monthly

Next Release

Mar 10, 2025

Time to Release

23 Days 19 Hours

Highest	Lowest	Average	Date Range	Source
34.2 Aug 2008	-0.2 Oct 2016	9.41 %	2007-2025	Mongolbank

In Mongolia, the most important categories in the consumer price index are food and non-alcoholic beverages (39.7 percent of the total weight); clothing, footwear (15.3 percent) and housing, water, electricity, gas and other fuels (10.8 percent). The index also includes: transports (9.0 percent); furnishings, household equipment, and tools (5.6 percent); education (5.4 percent); recreation and culture (3.1 percent); communication (2.9 percent); alcoholic beverages and tobacco (2.8 percent); miscellaneous goods and services (2.7 percent); health (1.8 percent) and restaurants and hotels (1.0 percent).

Latest Updates

The annual inflation rate in Mongolia rose to 9.6% in January 2025, accelerating from 9% December 2024. This marked the highest inflation rate since September 2023, as prices increased at a faster pace for food and non-alcoholic beverages (9.4% vs 8.9% in December), transport (1.6% vs 1.5%), alcoholic beverages and tobacco (4.3% vs 3.9%), clothing and footwear (9.8% vs 9.4%), furnishings, household equipment and tools (9% vs 7.4%), recreation and culture (7.6% vs 6.9%), restaurants and hotels (15.5% vs 11.1%), insurance and financial services (30.2% vs 5.3%), and miscellaneous goods and services (11.4% vs 10.2%). Meanwhile, costs moderated for housing and utilities (22.4% vs 23%) and communication (1.3% vs 1.6%) and it remained unchanged for health (5.2%). On a monthly basis, consumer prices edged higher to 1.4% in January 2025 from 1.2% in December.