2024 Mongolia inflation rate decreased to 5.5% in July, a 3.7% drop from 2023, attributed to foreign exchange reserves and stable Tugrik.
Mongolia's inflation rate in July 2024, as reported by the National Statistics Office, was 5.5%, a 3.7 percentage point decrease compared to the same period in 2023. This decrease is attributed to increased foreign exchange reserves and the stable exchange rate of the Tugrik, Mongolia's national currency. The peak inflation rate reached 16.4% in July 2022 due to higher import prices.
August 12, 2024
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