Mongolia Inflation Rate 1993-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Mongolia inflation rate for 2022 was 15.15%, a 7.8% increase from 2021.
  • Mongolia inflation rate for 2021 was 7.35%, a 3.56% increase from 2020.
  • Mongolia inflation rate for 2020 was 3.80%, a 3.51% decline from 2019.
  • Mongolia inflation rate for 2019 was 7.30%, a 0.48% increase from 2018.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Sudan 138.81%
Sri Lanka 49.72%
Ghana 31.26%
Moldova 28.74%
Lao PDR 22.96%
Ukraine 20.18%
Pakistan 19.87%
Nigeria 18.85%
Sao Tome and Principe 18.01%
Mongolia 15.15%
Kyrgyz Republic 13.92%
Egypt 13.90%
Georgia 11.90%
Kosovo 11.58%
Uzbekistan 11.45%
Zambia 10.99%
Nicaragua 10.47%
Mauritania 9.53%
Honduras 9.09%
Tunisia 8.31%
Lesotho 8.27%
Bangladesh 7.70%
Kenya 7.66%
El Salvador 7.20%
India 6.70%
Morocco 6.66%
Cameroon 6.25%
Philippines 5.82%
Bhutan 5.64%
Solomon Islands 5.52%
Micronesia 5.41%
Cambodia 5.34%
Djibouti 5.18%
Indonesia 4.21%
Vietnam 3.16%
Republic of Congo 3.04%
Bolivia 1.75%
Mongolia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2022 15.15% 7.80%
2021 7.35% 3.56%
2020 3.80% -3.51%
2019 7.30% 0.48%
2018 6.82% 2.52%
2017 4.30% 3.57%
2016 0.73% -5.00%
2015 5.74% -6.52%
2014 12.25% 1.76%
2013 10.49% -3.84%
2012 14.33% 5.92%
2011 8.41% -1.64%
2010 10.05% 2.43%
2009 7.62% -20.34%
2008 27.96% 18.32%
2007 9.63% 4.54%
2006 5.10% -7.62%
2005 12.72% 4.48%
2004 8.24% 3.11%
2003 5.13% 4.21%
2002 0.92% -5.36%
2001 6.28% -5.32%
2000 11.60% 4.03%
1999 7.56% -1.79%
1998 9.36% -27.20%
1997 36.56% -10.33%
1996 46.89% 46.85%
1995 0.04% -87.54%
1994 87.58% -180.57%
1993 268.15% -180.57%