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Mongolia's inflation declines slightly to 8.1 pct in July www.xinhuanet.com
Mongolia's inflation, as measured by the consumer price index, eased to 8.1 percent in July, data from the country's National Statistics Office (NSO) showed Saturday.
The figure reflected a 3.0 percentage point increase compared to the same period last year and a 0.1 percentage point decrease from the previous month, the NSO said.
Mongolia's central bank targeted an inflation rate within a range of 5 percent (+/- 2.0 percentage points) from 2027 to support macroeconomic and financial sector stability in the medium term.
The landlocked country's economy grew 2.4 percent year on year in the first quarter of 2025, according to the statistical agency.
Meanwhile, the Asian Development Bank (ADB) has predicted that Mongolia's economy would grow by 6.6 percent in 2025 and 5.9 percent in 2026.
Published Date:2025-08-11
