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Mongolia|economy|September 30, 2021 / 04:35 PM
Inflation in Mongolia made 8.9% in August

AKIPRESS.COM - In August 2021, consumer price index (CPI) of Mongolia rose by 0.4% from the previous month, by 8.9% from the end of the previous year and by 8.9% from the same period of the previous year, Montsame reports. 

The 8.9% increase in consumer price index from the same period of previous year was mainly contributed by 13.7% increase in prices of food and non-alcoholic beverages group (meat and meat products by 16.8% non-alcoholic beverages by 8.6%), 3.8% increase in prices of alcoholic beverages and tobacco group, 4.0% increase in prices of clothing, cloth and footwear group, prices of housing, water, electricity and fuels group increased by 7.0% (electricity, gas and other fuels increased by 8.1%), 6.4% increase in prices of medicine and medical service group and 16.3% increase in prices of transport group.

The 0.4% increase in CPI from the previous month was mainly resulted from 2.2% decrease in prices of food and non-alcoholic beverages group (meat and meat products by 6.1%), 0.5% increase in prices of alcoholic beverages and tobacco group, 0.9% increase in prices of medicine and medical service group and 2.7% increase in prices of transport group.

The inflation rate was 6.0% in August 2018, 8.9% in August 2019, 2.1% in August 2020 and reached 8.9% in August 2021, increased by 6.8 percentage points from the same period of previous year.

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