The average inflation rate in Mongolia was forecast to continuously decrease between 2024 and 2029 by in total three percentage points. According to this forecast in 2029, the inflation will have decreased for the fourth consecutive year to 6.8 percent. Following the definitions provided by the International Monetary Fund, 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. Depicted here is the year-on-year change in said 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*
6.8%
2028*
7.1%
2027*
7.8%
2026*
8.85%
2025*
9.95%
2024*
9.75%
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. (April 22, 2024). Mongolia: Inflation rate from 1999 to 2029 (compared to the previous year) [Graph]. In Statista. Retrieved October 22, 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. April 22, 2024. Statista. Accessed October 22, 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: October 22, 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 Apr 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 October 22, 2024)
Mongolia: Inflation rate from 1999 to 2029 (compared to the previous year) [Graph], IMF, April 22, 2024. [Online]. Available: https://www.statista.com/statistics/727562/inflation-rate-in-mongolia/