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In September, the annual inflation rate in Mongolia reached 12.9%

In September of this year, there has been an increase in prices for consumer goods and services, which amounted to 12.9% compared to the same period last year and 0.6% compared to August. The National Statistical Office reports that the annual price growth for goods reached 13.5%, for services — 11.2%, for food products — 20.8%, and for non-food products — 10%.The increase in annual inflation from 9% in September 2025 to 12.9% in September of this year is associated with the rising prices of imported goods, excluding gasoline and other types of fuel. This circumstance significantly affects the overall inflation situation in the country.In the structure of inflation, which amounted to 12.9%, the most significant impact came from the rise in prices for food, beverages, and water, contributing 5.6 percentage points. Transportation services also had a noticeable impact with 2.2 percentage points, educational services with 1.2 percentage points, and clothing, textiles, and footwear, which accounted for 0.9 percentage points.Compared to August, the price increase of 0.6% in September was primarily related to the rise in the cost of transportation services by 3.2%.As part of the monitoring of the consumer basket in Ulaanbaatar, prices for 418 types of goods and services are tracked. Out of a total of 430 items included in the basket, 238 are imported, which constitutes 55.3%.In September of this year, prices for meat and meat products increased by 46.9% year-on-year, which is explained by the rise in beef prices by 48.4%, as well as lamb and goat meat by 58.5%.

Oct 12, 2026