Inflation in Mongolia soaring to 14.4 percent - News.MN

Inflation in Mongolia soaring to 14.4 percent

Old News! Published on: 2022.09.27

Inflation in Mongolia soaring to 14.4 percent

This year, Mongolian Tugrik has fallen almost 15 percent against the US dollar. The declining currency has pushed up the cost of everyday goods for a country struggling to navigate global economic crisis.

According to the National Statistical Office,  inflation in Mongolia has soared this year and reached 14.4 percent in August, compared with 9.5 percent during the same month in 2021.

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