Annual inflation, consumer prices in Mongolia
Mongolia: Annual inflation, consumer prices was 6.2% in 2024. ◆ Volatile
Annual inflation, consumer prices in Mongolia, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Mongolia recorded 6.2% for annual inflation, consumer prices in 2024.
Compared with earlier readings it is down 40.0% on the previous year and down 49.3% over ten years.
Over the whole period, annual inflation, consumer prices in Mongolia peaked at 28.0% in 2008 and was at its lowest, 0.7%, in 2016.
Mongolia ranks 46th of 203 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual inflation, consumer prices in Mongolia, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 11.6% | — |
| 2001 | 6.3% | -45.9% |
| 2002 | 0.9% | -85.4% |
| 2003 | 5.1% | +459.3% |
| 2004 | 8.2% | +60.7% |
| 2005 | 12.7% | +54.3% |
| 2006 | 5.1% | -59.9% |
| 2007 | 9.6% | +89.0% |
| 2008 | 28.0% | +190.3% |
| 2009 | 7.6% | -72.7% |
| 2010 | 10.0% | +31.8% |
| 2011 | 8.4% | -16.3% |
| 2012 | 14.3% | +70.4% |
| 2013 | 10.5% | -26.8% |
| 2014 | 12.3% | +16.8% |
| 2015 | 5.7% | -53.2% |
| 2016 | 0.7% | -87.2% |
| 2017 | 4.3% | +486.6% |
| 2018 | 6.8% | +58.7% |
| 2019 | 7.3% | +7.0% |
| 2020 | 3.7% | -49.0% |
| 2021 | 7.4% | +97.6% |
| 2022 | 15.2% | +105.9% |
| 2023 | 10.3% | -31.7% |
| 2024 | 6.2% | -40.0% |
Mongolia compared with similar countries
- Mongolia's 6.2% is above the median for upper middle income countries, which is 3.1%, 2.0× the median. (52 countries reporting)
- Mongolia's 6.2% is above the median for East Asia & Pacific, which is 2.4%, 2.6× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.5% | 0.9% | 28.0% | 10 |
| 2010s | 8.0% | 0.7% | 14.3% | 10 |
| 2020s | 8.6% | 3.7% | 15.2% | 5 |
Countries ranked near Mongolia
More development goals data for Mongolia
- Red List Index 0.9573 index (2025)
- Number of refugees per 100,000 population, by country of origin 70.8 per 100,000 people (2025)
- Manufacturing value added per capita 332.75 constant US$ (2025)
- Number of transboundary breeds 13 (2025)
- Number of transboundary breeds (not extinct) 13 (2025)
- Number of transboundary breeds with unknown risk status 0 (2025)
- Number of local breeds with unknown risk status 3 (2025)
- Number of local breeds (not extinct) 46 (2025)
- Number of local breeds kept in the country 46 (2025)
- Infant deaths 717 (2024)
Frequently asked questions
- What is annual inflation, consumer prices in Mongolia?
- Annual inflation, consumer prices in Mongolia was 6.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual inflation, consumer prices recorded in Mongolia?
- The highest recorded value was 28.0% in 2008.
- What is the lowest annual inflation, consumer prices recorded in Mongolia?
- The lowest recorded value was 0.7% in 2016.
- How does Mongolia rank for annual inflation, consumer prices?
- Mongolia ranks 46th out of 203 countries with data for 2024.
- Is annual inflation, consumer prices rising or falling in Mongolia?
- Over the last ten years it is down 49.3%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual inflation, consumer prices (%). Statizoid updates them automatically from the source API.
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