Inflation Mongolia 2008
Average inflation: 28.0%
Current Inflation
Inflation is very high at 28.0%, far above the ECB target.
Peak and Trough
The highest inflation was in August at 34.4%. The lowest inflation was in January at 19.8%.
- Highest month
- August: 34.4%
- Lowest month
- January: 19.8%
- Difference
- 14.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 40.3%. The lowest price increase was in Energy with an average of 21.4%.
- Highest increase
- Food: 40.3%
- Lowest increase
- Energy: 21.4%
Historical Context
Current inflation is 9.2% higher than the 5-year average of 18.8%. This approaches the highest level since records began (28.0% in 2008).
- 5-year average
- 18.8%
- 10-year average
- 18.8%
- All-time high (2008)
- 28%
- All-time low (2007)
- 9.6%
Trend
Inflation shows an upward trend. Compared to 2007, inflation has risen by +18.4 percentage point.
- Change vs. previous year
- +18.4 percentage points
- Largest monthly swing
- May: +28.2 percentage points
ECB Target
Inflation is 26.0% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €128.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 19.8% | +14.5 |
| February | 21.1% | +14.7 |
| March | 24.0% | +16.8 |
| April | 29.3% | +23.4 |
| May | 33.8% | +28.2 |
| June | 33.8% | +27.9 |
| July | 33.1% | +26.7 |
| August | 34.4% | +23.6 |
| September | 32.0% | +19.4 |
| October | 27.8% | +13.1 |
| November | 24.3% | +7.7 |
| December | 22.1% | +4.3 |
| Average | 28.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.