Inflation rates by country and year

0%67%134.1%201.1%268.2%
0%67%134.1%201.1%268.2%
1993268.2%
20097.6%
20258.6%
Source: World Bank

Data: World Bank, annual %. For information only — not financial advice.

Year2025Inflation Rate8.6%

Behind the curve

Turning points in Mongolia

  1. 2008↑ Upward pressure

    The world food price crisis — Wikipedia (opens in a new tab)

    Mongolia's food and fuel imports and its dependence on commodity prices made it vulnerable to the 2007–08 global price surge.

    Bank of Mongolia
  2. 2016↑ Upward pressure

    The tugrik's depreciation — Wikipedia (opens in a new tab)

    A fall in commodity export earnings and a sharp depreciation of the tögrög lifted inflation in 2016.

    Bank of Mongolia
  3. 2022↑ Upward pressure

    The post-pandemic inflation surge — Wikipedia (opens in a new tab)

    Higher global food and energy prices, plus import dependence, pushed Mongolian inflation into double digits in 2022.

    Bank of Mongolia

These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.

What is the inflation in Mongolia?

The annual inflation rate in Mongolia was 8.6% in 2025, the most recent year in the World Bank dataset. That means prices rose 8.6% on average compared with the year before. Use the chart above to explore Mongolia's full inflation history from 1993 to 2025, and to compare it with any other country.

How inflation in Mongolia has changed

Inflation in Mongolia peaked at 268.2% in 1993 and reached its lowest point at 0.0% in 1995. Averaged across the 33 years of available data (1993–2025), the rate has been 20.7% per year.

Frequently asked questions about inflation in Mongolia

What is the current inflation rate in Mongolia?

The latest available annual figure is 8.6% in 2025, from the World Bank. Because the figures are reported annually, they may not reflect the most recent monthly reading published by Mongolia's statistical office.

What was the highest inflation rate in Mongolia?

The highest annual inflation rate on record is 268.2%, reached in 1993.

What was the lowest inflation rate in Mongolia?

The lowest annual inflation rate on record is 0.0%, recorded in 1995.

Where does the inflation data for Mongolia come from?

All figures come from the World Bank's World Development Indicators (indicator FP.CPI.TOTL.ZG), which report annual consumer price inflation for more than 200 countries and territories from 1960 onward.