Mongolia - Inflation, consumer prices (annual %) 1993 - 2022
Mongolia's inflation, consumer prices (annual %) is currently 15.15%, according to the most recent World Bank data for the country (2022).
Definition
The consumer price index gauges inflation by indicating the yearly percentage shift in the expenses for an average consumer to procure a collection of goods and services, which could either remain constant or alter at specified periods like annually; typically employing the Laspeyres formula.- Mongolia's inflation, consumer prices (annual %) for 2022 was 15.148%, a 106.02% increase from 2021, with a +7 difference.
- In 2021 it was 7.353%, a 93.70% increase from 2020, with a +3 difference.
- In 2020 it was 3.796%, a -48.01% increase from 2019.
- In 2019 it was 7.301%, a 6.99% increase from 2018.
- In 2018 it was 6.824%, a 58.65% increase from 2017.
Measure: Percent
Average, Lowest, and Highest Recorded Values
The average inflation, consumer prices (annual %), value for Mongolia is currently 21.9348% (average of years with recorded data) with a lowest recorded value of 0.0435% in 1995 and a highest value of 268.1505% in 1993.
Mongolia's Inflation, consumer prices (annual %) - Historical Data
| Year | Inflation, consumer prices (annual %) | Average Growth Rate (%) |
|---|---|---|
| 1993 | 268.15% | |
| 1994 | 87.58% | -67.34% |
| 1995 | 0.044% | -99.95% |
| 1996 | 46.89% | 107,653.11% |
| 1997 | 36.556% | -22.04% |
| 1998 | 9.357% | -74.40% |
| 1999 | 7.565% | -19.15% |
| 2000 | 11.596% | 53.28% |
| 2001 | 6.277% | -45.86% |
| 2002 | 0.917% | -85.39% |
| 2003 | 5.129% | 459.28% |
| 2004 | 8.241% | 60.68% |
| 2005 | 12.717% | 54.31% |
| 2006 | 5.095% | -59.93% |
| 2007 | 9.631% | 89.02% |
| 2008 | 27.956% | 190.27% |
| 2009 | 7.62% | -72.74% |
| 2010 | 10.046% | 31.85% |
| 2011 | 8.411% | -16.27% |
| 2012 | 14.33% | 70.37% |
| 2013 | 10.491% | -26.79% |
| 2014 | 12.254% | 16.81% |
| 2015 | 5.736% | -53.19% |
| 2016 | 0.733% | -87.22% |
| 2017 | 4.301% | 486.61% |
| 2018 | 6.824% | 58.65% |
| 2019 | 7.301% | 6.99% |
| 2020 | 3.796% | -48.01% |
| 2021 | 7.353% | 93.70% |
| 2022 | 15.148% | 106.02% |
Expand
Comparison with Countries in the East Asia & Pacific Region.
Among countries in the same World Bank East Asia & Pacific (EAP) region, Mongolia comes in 2nd with 15.148% inflation, consumer prices (annual %).
- Within the same region, Lao PDR comes in 1st with 22.956%, inflation, consumer prices (annual %).
- Palau comes in 3rd with 12.353%.
- Tonga comes in 4th with 10.971%.
- Samoa comes in 5th with 10.962%.
- Myanmar comes in 6th with 8.825%.
- New Zealand comes in 7th with 7.172%.
- Australia comes in 8th with 6.594%.
- Singapore comes in 9th with 6.121%.
- Thailand comes in 10th with 6.077%.
- Philippines comes in 11th with 5.821%.
- And Solomon Islands comes in 12th with 5.518%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 10 Countries in the East Asia & Pacific Region.
Top 10 Countries in the East Asia & Pacific Region.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lao PDR | 22.96% | 2022 |
| 2 | Mongolia | 15.15% | 2022 |
| 3 | Palau | 12.35% | 2022 |
| 4 | Tonga | 10.97% | 2022 |
| 5 | Samoa | 10.96% | 2022 |
| 6 | Myanmar | 8.83% | 2019 |
| 7 | New Zealand | 7.17% | 2022 |
| 8 | Australia | 6.59% | 2022 |
| 9 | Singapore | 6.12% | 2022 |
| 10 | Thailand | 6.08% | 2022 |
Comparison with Countries in the Lower middle income Group.
Among countries in the same World Bank Lower middle income (LMI) group, Mongolia comes in 13th with 15.148% inflation, consumer prices (annual %).
- Within the same income group, Sri Lanka comes in 3rd with 49.721%, inflation, consumer prices (annual %).
- Iran, Islamic Rep. comes in 4th with 43.389%.
- Haiti comes in 5th with 33.984%.
- Ghana comes in 6th with 31.256%.
- Angola comes in 7th with 25.754%.
- Lao PDR comes in 8th with 22.956%.
- Ukraine comes in 9th with 20.184%.
- Pakistan comes in 10th with 19.874%.
- Nigeria comes in 11th with 18.847%.
- Sao Tome and Principe comes in 12th with 18.006%.
- Kyrgyz Republic comes in 14th with 13.923%.
- Egypt, Arab Rep. comes in 15th with 13.896%.
- Uzbekistan comes in 16th with 11.447%.
- Zambia comes in 17th with 10.993%.
- Samoa comes in 18th with 10.962%.
- Guinea comes in 19th with 10.493%.
- Nicaragua comes in 20th with 10.467%.
- Senegal comes in 21st with 9.697%.
- Mauritania comes in 22nd with 9.525%.
- And Algeria comes in 23rd with 9.266%, inflation, consumer prices (annual %).
Inflation, consumer prices (annual %), Top 14 Countries in the Lower middle income Group.
Top 14 Countries in the Lower middle income Group.
| # | Country | Inflation, consumer prices (annual %) | Year |
|---|---|---|---|
| 1 | Lebanon | 154.756% | 2021 |
| 2 | Zimbabwe | 104.705% | 2022 |
| 3 | Sri Lanka | 49.721% | 2022 |
| 4 | Iran, Islamic Rep. | 43.389% | 2021 |
| 5 | Haiti | 33.984% | 2022 |
| 6 | Ghana | 31.256% | 2022 |
| 7 | Angola | 25.754% | 2021 |
| 8 | Lao PDR | 22.956% | 2022 |
| 9 | Ukraine | 20.184% | 2022 |
| 10 | Pakistan | 19.874% | 2022 |
| 11 | Nigeria | 18.847% | 2022 |
| 12 | Sao Tome and Principe | 18.006% | 2022 |
| 13 | Mongolia | 15.148% | 2022 |
| 14 | Kyrgyz Republic | 13.923% | 2022 |