Mongolia inflation rate for 2023 was 10.35%, a 4.8% decline from 2022.
Mongolia inflation rate for 2022 was 15.15%, a 7.8% increase from 2021.
Mongolia inflation rate for 2021 was 7.35%, a 3.56% increase from 2020.
Mongolia inflation rate for 2020 was 3.80%, a 3.51% decline from 2019.
Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
