Mongolia’s annual inflation rate eased to 12.5% in August 2026, down from a more than three-year high of 13.0% in July. Price growth slowed for food and non-alcoholic beverages (21.5% vs 25.5% in July), health, medical care and services (7.1% vs 7.5%), and miscellaneous goods and services (9.4% vs 9.8%).
In contrast, inflation accelerated in several categories: alcoholic beverages and tobacco (14.2% vs 12.6%), transport (11.2% vs 10.0%), education (17.4% vs 12.8%), clothing, footwear and cloth (7.4% vs 7.2%), furnishing and household equipment (8.9% vs 8.7%), recreation and culture (7.7% vs 6.6%), housing and utilities (5.4% vs 5.1%), restaurants and hotels (16.4% vs 16.2%), and insurance and financial services (17.1% vs 17.0%). Prices for communication remained unchanged, at 1.6% year-on-year.
On a monthly basis, consumer prices rose 1.1% in August, picking up from a 0.9% increase in the previous month.
