Inflation in Mongolia
Consumer price inflation in Mongolia averaged 7.4% in the ten years to 2022, above the Asia-Pacific regional average of 2.1%. The 2022 average figure was 15.2%. 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 2023.
Source: Macrobond.
Mongolia Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 7.3 | 3.7 | 7.0 | 15.2 | 10.3 |
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 9 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.