Inflation Mongolia 2017
Average inflation: 4.3%
Current Inflation
Inflation is high at 4.3%, well above the ECB target.
Peak and Trough
The highest inflation was in October at 6.8%. The lowest inflation was in January at 2.0%.
- Highest month
- October: 6.8%
- Lowest month
- January: 2.0%
- Difference
- 4.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 4.8%. The lowest price increase was in Food with an average of 4.5%.
- Highest increase
- Energy: 4.8%
- Lowest increase
- Food: 4.5%
Historical Context
Current inflation is 2.4% lower than the 5-year average of 6.7%.
- 5-year average
- 6.7%
- 10-year average
- 10.3%
- All-time high (2008)
- 28%
- All-time low (2016)
- 0.7%
Trend
Inflation shows a downward trend. Compared to 2016, inflation has fallen by +3.6 percentage point.
- Change vs. previous year
- +3.6 percentage points
- Largest monthly swing
- October: +7.0 percentage points
ECB Target
Inflation is 2.3% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2017
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2016 |
|---|---|---|
| January | 2.0% | +1.4 |
| February | 2.4% | +1.6 |
| March | 3.2% | +2.4 |
| April | 3.2% | +1.9 |
| May | 3.6% | +2.3 |
| June | 3.4% | +2.3 |
| July | 3.3% | +1.8 |
| August | 5.0% | +5.1 |
| September | 5.8% | +5.9 |
| October | 6.8% | +7.0 |
| November | 6.5% | +6.0 |
| December | 6.3% | +5.0 |
| Average | 4.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.