Inflation Mongolia 2018
Average inflation: 6.8%
Current Inflation
Inflation is very high at 6.8%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 8.2%. The lowest inflation was in September at 5.7%.
- Highest month
- December: 8.2%
- Lowest month
- September: 5.7%
- Difference
- 2.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 13.2%. The lowest price increase was in Food with an average of 7.1%.
- Highest increase
- Energy: 13.2%
- Lowest increase
- Food: 7.1%
Historical Context
Current inflation is 0.8% higher than the 5-year average of 6.0%.
- 5-year average
- 6%
- 10-year average
- 8.1%
- All-time high (2008)
- 28%
- All-time low (2016)
- 0.7%
Trend
Inflation shows an upward trend. Compared to 2017, inflation has risen by +2.5 percentage point.
- Change vs. previous year
- +2.5 percentage points
- Largest monthly swing
- January: +4.9 percentage points
ECB Target
Inflation is 4.8% 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 €106.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2018
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2017 |
|---|---|---|
| January | 6.9% | +4.9 |
| February | 6.9% | +4.5 |
| March | 6.6% | +3.4 |
| April | 6.1% | +2.9 |
| May | 6.2% | +2.6 |
| June | 7.2% | +3.8 |
| July | 7.8% | +4.5 |
| August | 6.0% | +1.0 |
| September | 5.7% | -0.1 |
| October | 6.3% | -0.5 |
| November | 8.0% | +1.5 |
| December | 8.2% | +1.9 |
| Average | 6.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.