Inflation Mongolia 2021
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 December at 13.8%. The lowest inflation was in March at 2.3%.
- Highest month
- December: 13.8%
- Lowest month
- March: 2.3%
- Difference
- 11.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 13.8%. The lowest price increase was in Energy with an average of 2.4%.
- Highest increase
- Food: 13.8%
- Lowest increase
- Energy: 2.4%
Historical Context
Current inflation is 1.4% higher than the 5-year average of 5.9%.
- 5-year average
- 5.9%
- 10-year average
- 7.3%
- All-time high (2008)
- 28%
- All-time low (2016)
- 0.7%
Trend
Inflation has remained relatively stable. Compared to 2020, the difference is minimal (+3.5 percentage point).
- Change vs. previous year
- +3.5 percentage points
- Largest monthly swing
- December: +11.1 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 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 2.6% | -3.0 |
| February | 2.5% | -3.9 |
| March | 2.3% | -4.2 |
| April | 5.2% | +0.5 |
| May | 6.1% | +2.8 |
| June | 6.7% | +3.9 |
| July | 7.7% | +4.3 |
| August | 9.6% | +7.4 |
| September | 10.2% | +8.4 |
| October | 10.4% | +7.7 |
| November | 11.0% | +7.3 |
| December | 13.8% | +11.1 |
| Average | 7.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.