Inflation Mongolia 2019
Average inflation: 7.3%
Current Inflation
Inflation is very high at 7.3%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 9.0%. The lowest inflation was in November at 5.2%.
- Highest month
- September: 9.0%
- Lowest month
- November: 5.2%
- Difference
- 3.8 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 10.7%. The lowest price increase was in Energy with an average of 9.3%.
- Highest increase
- Food: 10.7%
- Lowest increase
- Energy: 9.3%
Historical Context
Current inflation is 2.3% higher than the 5-year average of 5.0%.
- 5-year average
- 5%
- 10-year average
- 8.1%
- All-time high (2008)
- 28%
- All-time low (2016)
- 0.7%
Trend
Inflation shows an upward trend. Compared to 2018, inflation has risen by +0.5 percentage point.
- Change vs. previous year
- +0.5 percentage points
- Largest monthly swing
- September: +3.3 percentage points
ECB Target
Inflation is 5.3% 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 €107.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 7.3% | +0.4 |
| February | 6.9% | 0.0 |
| March | 6.6% | 0.0 |
| April | 7.0% | +0.9 |
| May | 8.0% | +1.8 |
| June | 8.3% | +1.1 |
| July | 7.7% | -0.1 |
| August | 8.9% | +2.9 |
| September | 9.0% | +3.3 |
| October | 7.6% | +1.3 |
| November | 5.2% | -2.8 |
| December | 5.2% | -3.0 |
| Average | 7.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.