Inflation Mongolia 2014
Average inflation: 12.3%
Current Inflation
Inflation is very high at 12.3%, far above the ECB target.
Peak and Trough
The highest inflation was in July at 14.4%. The lowest inflation was in December at 10.4%.
- Highest month
- July: 14.4%
- Lowest month
- December: 10.4%
- Difference
- 4.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 12.6%. The lowest price increase was in Food with an average of 9.4%.
- Highest increase
- Energy: 12.6%
- Lowest increase
- Food: 9.4%
Historical Context
Current inflation is 1.2% higher than the 5-year average of 11.1%.
- 5-year average
- 11.1%
- 10-year average
- 12.7%
- All-time high (2008)
- 28%
- All-time low (2009)
- 8.1%
Trend
Inflation shows a downward trend. Compared to 2013, inflation has fallen by +1.8 percentage point.
- Change vs. previous year
- +1.8 percentage points
- Largest monthly swing
- July: +6.1 percentage points
ECB Target
Inflation is 10.3% 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 €112.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2014
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2013 |
|---|---|---|
| January | 11.9% | -1.1 |
| February | 11.8% | +0.5 |
| March | 11.9% | +2.1 |
| April | 11.7% | +1.2 |
| May | 13.1% | +3.4 |
| June | 14.1% | +5.3 |
| July | 14.4% | +6.1 |
| August | 13.0% | +3.5 |
| September | 12.3% | +2.4 |
| October | 11.6% | +0.9 |
| November | 11.0% | -1.0 |
| December | 10.4% | -2.1 |
| Average | 12.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.