Inflation of consumer prices in Mongolia
Mongolia: Inflation of consumer prices was 8.6% in 2025. ◆ Volatile
Inflation of consumer prices in Mongolia, 1993–2025
Source: International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data. Measured in annual %.
Analysis
Mongolia recorded 8.6% for inflation of consumer prices in 2025.
Compared with earlier readings it is up 38.8% on the previous year and up 50.0% over ten years.
Over the whole period, inflation of consumer prices in Mongolia peaked at 268.1% in 1993 and was at its lowest, 0.0%, in 1995.
Mongolia ranks 30th of 190 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation of consumer prices in Mongolia, year by year
| Year | annual % | Change |
|---|---|---|
| 1993 | 268.1% | — |
| 1994 | 87.6% | -67.3% |
| 1995 | 0.0% | -100.0% |
| 1996 | 46.9% | +107653.2% |
| 1997 | 36.6% | -22.0% |
| 1998 | 9.4% | -74.4% |
| 1999 | 7.6% | -19.2% |
| 2000 | 11.6% | +53.3% |
| 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% | -40.1% |
| 2025 | 8.6% | +38.8% |
Mongolia compared with similar countries
- Mongolia's 8.6% is above the median for upper middle income countries, which is 3.3%, 2.6× the median. (54 countries reporting)
- Mongolia's 8.6% is above the median for East Asia & Pacific, which is 2.1%, 4.1× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Inflation of consumer prices in Mongolia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +107653.2% | 0.0% | 46.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 65.2% | 0.0% | 268.1% | 7 |
| 2000s | 9.5% | 0.9% | 28.0% | 10 |
| 2010s | 8.0% | 0.7% | 14.3% | 10 |
| 2020s | 8.6% | 3.7% | 15.2% | 6 |
Countries ranked near Mongolia
- 27 Uzbekistan 8.8% compare
- 28 Bangladesh 8.8% compare
- 29 Russia 8.7% compare
- 31 Liberia 8.3% compare
- 32 Kyrgyzstan 8.2% compare
- 33 Yemen 8.1% compare
More economy & growth data for Mongolia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.08 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.17 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 55.47 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0023 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 15.74 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.78 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 23.79 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1169 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 789.32 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 27.16 % change on previous year (2025)
Frequently asked questions
- What is inflation of consumer prices in Mongolia?
- Inflation of consumer prices in Mongolia was 8.6% in 2025, according to International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data.
- What is the highest inflation of consumer prices recorded in Mongolia?
- The highest recorded value was 268.1% in 1993.
- What is the lowest inflation of consumer prices recorded in Mongolia?
- The lowest recorded value was 0.0% in 1995.
- How does Mongolia rank for inflation of consumer prices?
- Mongolia ranks 30th out of 190 countries with data for 2025.
- Is inflation of consumer prices rising or falling in Mongolia?
- Over the last ten years it is up 50.0%. The long-run trend across the full record is volatile.
- Where does this Mongolia data come from?
- The figures come from International Monetary Fund (IMF) International Financial Statistics, via World Bank (2026) – processed by Our World in Data, published as part of Inflation of consumer prices. Statizoid updates them automatically from the source API.
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About this data
Annual changes in the cost to the average consumer of acquiring a set basket of goods and services. This measure is used to track changes in living costs over time.