Mongolia Inflation Rate
Consumer price inflation, annual % FP.CPI.TOTL.ZG
Mongolia's inflation rate was 8.27% in 2025, ranked 29th globally. This represents a 33.2% increase from 2024. Data from World Bank, covering 1991–2025.
Overview
Mongolia's inflation rate stood at 8.27% in 2025, a rise of +2.06pp from 2024. The IMF projects 8.27% by 2025. Mongolia ranked 29th globally.
Mongolia’s inflation rate in 2025 stood at 8.27 percent, placing the country 29th in the world and just below peers such as Madagascar (8.43 percent) and the Kyrgyz Republic (8.02 percent). The trajectory over the past 35 years has been dramatic: after a post‑socialist surge that peaked at 268.15 percent in 1993, inflation collapsed to a historic low of 0.04 percent in 1995 before entering a long‑run pattern of moderate volatility. Since the early 2000s, the rate has generally hovered between 4 and 10 percent, reflecting the interplay of commodity price swings, monetary policy adjustments, and fiscal pressures. Recent tightening of the central bank’s policy rate and improved fiscal discipline have helped contain price growth, but external shocks such as global food and energy price spikes could reverse the modest downward bias. Continued diversification of the economy and a credible inflation‑targeting framework are likely to shape a more stable inflation path in the coming years.
Data & projection
| Year | Inflation Rate | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 6.60% | - | - |
| 2029* IMF | 6.80% | - | - |
| 2028* IMF | 7.35% | - | - |
| 2027* IMF | 7.90% | - | - |
| 2026* IMF | 8.10% | - | - |
| 2025* IMF | 8.27% | - | - |
| 2025 | 8.27% | +2.06pp | #29 |
| 2024 | 6.21% | −4.15pp | #155 |
| 2023 | 10.35% | −4.79pp | #155 |
| 2022 | 15.15% | +7.78pp | #165 |
| 2021 | 7.36% | +3.62pp | #157 |
| 2020 | 3.72% | −3.61pp | #140 |
| 2019 | 7.30% | +0.53pp | #172 |
| 2018 | 6.82% | +2.54pp | #168 |
| 2017 | 4.30% | +3.52pp | #138 |
| 2016 | 0.73% | −6.05pp | #76 |
| 2015 | 5.74% | −7.20pp | #160 |
| 2014 | 12.25% | +1.64pp | #192 |
| 2013 | 10.49% | −3.36pp | #188 |
| 2012 | 14.33% | +5.56pp | #189 |
| 2011 | 8.41% | +0.10pp | #157 |
Detected Pattern
Analysis
Mongolia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw inflation rate improve within 24 months. View full analysis →
Frequently Asked Questions
Mongolia's inflation rate was 8.27% in 2025. Ranked 29th globally. This represents a 33.2% increase from the previous year.
Mongolia's inflation rate peaked at 268.15% in 1993.
The lowest inflation rate in Mongolia was 0.04% in 1995.
Mongolia ranks 29th globally in inflation rate as of 2025.
The World Bank indicator code is FP.CPI.TOTL.ZG. Data sourced from World Bank.
Mongolia's inflation rate is projected to reach 8.27% by 2025 based on IMF projection.
The inflation rate of Mongolia in 2025 was 8.27%. This ranks 29th in the world.
Cite this page
@misc{historysaid_mongolia_inflation-rate,
title = {Mongolia Inflation Rate},
url = {https://historysaid.com/mongolia/inflation-rate/},
publisher = {HistorySaid},
year = {2026}
}