The average inflation rate in Mongolia was forecast to increase between 2024 and 2029 by in total 0.2 percentage points. This overall increase does not happen continuously, notably not in 2026, 2027, 2028 and 2029. The inflation is estimated to amount to 6.65 percent in 2029. This indicator measures inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.
Find more key insights for the average inflation rate in countries like South Korea, Japan, and Taiwan.
Mongolia: Inflation rate from 1999 to 2029
(compared to the previous year)
Characteristic
Inflation rate compared to previous year
2029*
6.65%
2028*
7.15%
2027*
7.55%
2026*
8.3%
2025*
9%
2024*
6.5%
2023
10.35%
2022
15.15%
2021
7.36%
2020
3.73%
2019
7.32%
2018
6.81%
2017
4.28%
2016
0.77%
2015
6.78%
2014
12.95%
2013
10.57%
2012
13.89%
2011
8.79%
2010
8.23%
2009
7.59%
2008
27.97%
2007
9.64%
2006
4.34%
2005
12.71%
2004
8.25%
2003
5.06%
2002
1.07%
2001
6.26%
2000
11.36%
1999
7.49%
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IMF. (October 22, 2024). Mongolia: Inflation rate from 1999 to 2029 (compared to the previous year) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/727562/inflation-rate-in-mongolia/
IMF. "Mongolia: Inflation rate from 1999 to 2029 (compared to the previous year)." Chart. October 22, 2024. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/727562/inflation-rate-in-mongolia/
IMF. (2024). Mongolia: Inflation rate from 1999 to 2029 (compared to the previous year). Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/727562/inflation-rate-in-mongolia/
IMF. "Mongolia: Inflation Rate from 1999 to 2029 (Compared to The Previous Year)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/727562/inflation-rate-in-mongolia/
IMF, Mongolia: Inflation rate from 1999 to 2029 (compared to the previous year) Statista, https://www.statista.com/statistics/727562/inflation-rate-in-mongolia/ (last visited December 03, 2024)
Mongolia: Inflation rate from 1999 to 2029 (compared to the previous year) [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/727562/inflation-rate-in-mongolia/