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 2023 was 10.35%, a 4.8% decline from 2022.
- 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 - Historical Data |
| Year |
Inflation Rate (%) |
Annual Change |
| 2023 |
10.35% |
-4.80% |
| 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% |
