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Mongolia's inflation rate fell to 7.0% in October, marking a year-over-year decline and improved stability.
Mongolia's inflation rate was 7.0% in October, a 2.0 percentage point decrease from last year, indicating improved economic stability.
While there was a slight increase of 0.3 percentage points from September, the overall trend shows a long-term decline from a peak of 16.4% in July 2022.
This decrease is attributed to increased foreign exchange reserves and currency stability.
The government aims to stabilize inflation at around 6% to support economic growth.
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La tasa de inflación de Mongolia cayó al 7,0% en octubre, lo que marca una disminución interanual y una mejora de la estabilidad.