Mongolia's inflation, consumer prices (annual % growth) was 8.61% in 2025, the latest year in the World Bank's World Development Indicators. That is up 2.87 percentage points from 5.74% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 8.61% | 2025 |
| Five years earlier | 3.72% | 2020 |
| Ten years earlier | 5.74% | 2015 |
| Highest | 268.15% | 1993 |
| Lowest | 0.04% | 1995 |
| Average since 2016 | 7.05% | 2016–2025 |
| First recorded | 268.15% | 1993 |
What the numbers say
In 2025, Mongolia's inflation, consumer prices (annual % growth) rose 2.41 percentage points on 2024 (from 6.2% to 8.61%).
Across the 30 yearly changes before that (1995 to 2024), the average change was −2.71 percentage points and a typical year strayed about 20.09 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 46.85 percentage points in 1996 and the biggest yearly fall was 180.57 percentage points in 1994. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 0.78 percentage points a year. A straight line explains 36% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Mongolia had the 22nd highest value of the 169 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Mongolia | 8.61% | 2025 |
| World | 3.04% | 2025 |
| East Asia & Pacific | 2.02% | 2025 |
| Upper middle income | 3.26% | 2025 |
Closest to Mongolia in the 2025 ranking
- Uzbekistan — 19th of 169: 8.8%
- Bangladesh — 20th of 169: 8.77%
- Russian Federation — 21st of 169: 8.72%
- Liberia — 23rd of 169: 8.32%
- Kyrgyz Republic — 24th of 169: 8.21%
- Madagascar — 25th of 169: 8.05%
What this measures
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.
Regional and income-group figures are computed by the World Bank as a median.
All 33 values
| Year | Inflation, consumer prices (annual % growth) |
|---|---|
| 2025 | 8.61 |
| 2024 | 6.2 |
| 2023 | 10.35 |
| 2022 | 15.15 |
| 2021 | 7.36 |
| 2020 | 3.72 |
| 2019 | 7.3 |
| 2018 | 6.82 |
| 2017 | 4.3 |
| 2016 | 0.7333 |
| 2015 |
Inflation, consumer prices (annual % growth) in nearby economies
- Australia — 2.87% (2025)
- Brunei Darussalam — -0.3% (2025)
- Cambodia — 2.35% (2025)
- China — 0.06% (2025)
- Fiji — -1.38% (2025)
- Hong Kong SAR, China — 1.44% (2025)
- Indonesia — 1.91% (2025)
- Japan — 3.17% (2025)
- Kiribati — 6.51% (2025)
- Korea, Rep. — 2.12% (2025)
More financial sector data for Mongolia
- DEC alternative conversion factor (LCU per US$) — US$3,545 (2025)
- GDP deflator (base year varies by country) — 261.96 (2025)
- Inflation, GDP deflator (annual % growth) — 4.36% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 4.36% (2025)
- GDP deflator, linked series (base year varies by country) — 261.96 (2025)
- Domestic credit to private sector by banks (% of GDP) — 48.52% (2025)
- Official exchange rate (LCU per US$, period average) — US$3,545 (2025)
- Net domestic credit (current LCU) — 36.24 trillion (2024)
- Net foreign assets (current LCU) — 8.6 trillion (2024)
Reading data like this
Questions people ask
- What is Mongolia's inflation, consumer prices (annual % growth)?
- 8.61% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1993?
- It is down 259.55 percentage points from 268.15% in 1993. The highest value was 268.15% in 1993 and the lowest 0.04% in 1995.
- How does Mongolia rank?
- 22nd highest of 169 economies with data for 2025.
- Is the latest change in inflation, consumer prices (annual % growth) unusual for Mongolia?
- In 2025, Mongolia's inflation, consumer prices (annual % growth) rose 2.41 percentage points on 2024 (from 6.2% to 8.61%). Across the 30 yearly changes before that (1995 to 2024), the average change was −2.71 percentage points and a typical year strayed about 20.09 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator FP.CPI.TOTL.ZG, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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