Inflation Mongolia 2016
Average inflation: 0.7%
Current Inflation
Inflation is very low at 0.7%, well below the ECB target.
Peak and Trough
The highest inflation was in July at 1.5%. The lowest inflation was in October at -0.2%.
- Highest month
- July: 1.5%
- Lowest month
- October: -0.2%
- Difference
- 1.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 0.1%. The lowest price increase was in Food with an average of -1.5%.
- Highest increase
- Energy: 0.1%
- Lowest increase
- Food: -1.5%
Historical Context
Current inflation is 8.0% lower than the 5-year average of 8.7%. This approaches the lowest level since records began (0.7% in 2016).
- 5-year average
- 8.7%
- 10-year average
- 10.8%
- All-time high (2008)
- 28%
- All-time low (2016)
- 0.7%
Trend
Inflation shows a downward trend. Compared to 2015, inflation has fallen by +5.1 percentage point.
- Change vs. previous year
- -5.1 percentage points
- Largest monthly swing
- January: -9.1 percentage points
ECB Target
Inflation is 1.3% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | 0.6% | -9.1 |
| February | 0.8% | -8.2 |
| March | 0.8% | -7.8 |
| April | 1.3% | -6.9 |
| May | 1.3% | -5.4 |
| June | 1.1% | -4.9 |
| July | 1.5% | -3.8 |
| August | -0.1% | -5.9 |
| September | -0.1% | -4.5 |
| October | -0.2% | -3.2 |
| November | 0.5% | -1.5 |
| December | 1.3% | +0.3 |
| Average | 0.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.