Inflation Rate in Mongolia
Inflation dropped to 11.3% in April from 12.2% in March, above the Central Bank’s 4.0–8.0% target range. In March, the Central Bank left the policy rate at 13.00%, after doubling the rate over the prior 12 months. Inflation is seen dipping this year but will average in double digits, boosted by strong economic growth, a recovery in tourist arrivals and January’s minimum wage hike.
Mongolia Inflation Rate Chart
This chart displays Inflation Rate (CPI, annual variation in %) for Mongolia from 2013 to 2022.
Mongolia Inflation Rate Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 4.3 | 6.8 | 7.3 | 3.7 | 7.0 |