Inflation Mongolia 2022
Average inflation: 15.2%
Current Inflation
Inflation is very high at 15.2%, far above the ECB target.
Peak and Trough
The highest inflation was in June at 16.9%. The lowest inflation was in December at 13.2%.
- Highest month
- June: 16.9%
- Lowest month
- December: 13.2%
- Difference
- 3.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 18.6%. The lowest price increase was in Energy with an average of 14.8%.
- Highest increase
- Food: 18.6%
- Lowest increase
- Energy: 14.8%
Historical Context
Current inflation is 7.1% higher than the 5-year average of 8.1%.
- 5-year average
- 8.1%
- 10-year average
- 7.4%
- All-time high (2008)
- 28%
- All-time low (2016)
- 0.7%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +7.9 percentage point.
- Change vs. previous year
- +7.9 percentage points
- Largest monthly swing
- March: +13.4 percentage points
ECB Target
Inflation is 13.2% 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 €115.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 15.1% | +12.5 |
| February | 15.3% | +12.8 |
| March | 15.7% | +13.4 |
| April | 15.8% | +10.6 |
| May | 16.2% | +10.1 |
| June | 16.9% | +10.2 |
| July | 16.4% | +8.7 |
| August | 14.4% | +4.8 |
| September | 13.8% | +3.6 |
| October | 14.5% | +4.1 |
| November | 14.5% | +3.5 |
| December | 13.2% | -0.6 |
| Average | 15.2% |
Data source
Data from WorldBank. Last updated: 06/01/2026.