Inflation in Mongolia
In the year 2024, the inflation in Mongolia was 6.21%, compared to 12.93% in 2014 and 10.36% in 2023. It averaged 7.43% over the last decade. For more inflation information, visit our dedicated page.
Mongolia Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Mongolia from 2014 to 2024.
Source: Macrobond.
Mongolia Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.7 | 7.4 | 15.1 | 10.4 | 6.2 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Mongol inflation projections for the next ten years from a panel of 10 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Mongol inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Mongol inflation projections.
Want to get access to the full dataset of Mongol inflation forecasts? Send an email to info@focus-economics.com.