Inflation Mongolia 2020
Average inflation: 3.8%
Current Inflation
Inflation is high at 3.8%, well above the ECB target.
Peak and Trough
The highest inflation was in March at 6.5%. The lowest inflation was in September at 1.8%.
- Highest month
- March: 6.5%
- Lowest month
- September: 1.8%
- Difference
- 4.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 7.1%. The lowest price increase was in Energy with an average of 3.0%.
- Highest increase
- Food: 7.1%
- Lowest increase
- Energy: 3.0%
Historical Context
Current inflation is 0.8% lower than the 5-year average of 4.6%.
- 5-year average
- 4.6%
- 10-year average
- 7.4%
- All-time high (2008)
- 28%
- All-time low (2016)
- 0.7%
Trend
Inflation shows a downward trend. Compared to 2019, inflation has fallen by +3.5 percentage point.
- Change vs. previous year
- -3.5 percentage points
- Largest monthly swing
- September: -7.2 percentage points
ECB Target
Inflation is 1.8% 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 €103.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 5.6% | -1.7 |
| February | 6.4% | -0.5 |
| March | 6.5% | -0.1 |
| April | 4.7% | -2.3 |
| May | 3.3% | -4.7 |
| June | 2.8% | -5.5 |
| July | 3.4% | -4.3 |
| August | 2.2% | -6.7 |
| September | 1.8% | -7.2 |
| October | 2.7% | -4.9 |
| November | 3.7% | -1.5 |
| December | 2.7% | -2.5 |
| Average | 3.8% |
Data source
Data from WorldBank. Last updated: 06/01/2026.