Mongolia’s annual inflation rate accelerated to 13.4% in October 2026, up from 12.9% in September, reaching its highest level since November 2022. Price growth strengthened across several categories, most notably in transport (19.3% vs. 15.2% in September), alcoholic beverages and tobacco (16.5% vs. 15.2%), clothing and footwear (8.5% vs. 7.2%), and restaurants and hotels (19.8% vs. 18.7%). Inflation also picked up for furnishings and household equipment (7.7% vs. 7.3%), recreation and culture (8.4% vs. 7.6%), and communication (1.2% vs. 1.0%).
By contrast, price growth eased for food and non-alcoholic beverages (19.8% vs. 20.8%), housing and utilities (5.9% vs. 6.0%), and miscellaneous goods and services (9.3% vs. 9.9%). Inflation was stable in health (6.9%), education (17.7%), and insurance and financial services (17.1%). On a monthly basis, consumer prices rose by 1.1% in October, compared with a 0.6% increase in the previous month.
