Inflation rate in Mongolia went up to 7.2 percent year-on-year in June of 2018 from 6.1 percent in the previous month. It was the highest inflation rate since June of 2015, as prices advanced faster for food & non-alcoholic beverages (10.8 percent from 7.1 percent in May); housing & utilities (14.9 percent from 13.8 percent); furnishings & household equipment (6 percent from 5.9 percent); recreation & culture (6.4 percent from 3.9 percent); health (10.7 percent from 9.7 percent) and miscellaneous goods & services (5.3 percent from 4.8 percent); while inflation was steady for transport (4.9 percent, the same as in the preceding month). Contrarily, cost slowed for clothing & footwear (2.6 percent from 3.2 percent); restaurants & hotels (5.1 percent from 5.8 percent); alcoholic beverages & tobacco (8.2 percent from 8.4 percent) and fell further for communication (-1.2 percent from -1 percent). On a monthly basis, consumer prices increased 0.5 percent from 0.6 percent in May. Inflation Rate in Mongolia averaged 10.23 percent from 2007 until 2018, reaching an all time high of 34.20 percent in August of 2008 and a record low of -0.20 percent in August of 2016.

Published Date:2018-08-06