Annual Inflation Visualization (Mongolia)

Source: World Bank (1982-2023)

25.56% Historical average
318.90% Maximum recorded
-9.17% Minimum recorded
42 Years of data

Historical Inflation Calculator for Mongolia

Calculate how the value of money has changed between two specific years in Mongolia.

Future Value Estimation

Estimate how the value of an amount of money will change in the future, given an average inflation rate.

Past Value Estimation

Estimate what the equivalent value of an amount of money would have been in the past, given an average inflation rate.

Historical inflation data for Mongolia

Year Inflation (%) Change
2023 21.77% +4.05pp
2022 17.71% +3.29pp
2021 14.42% +10.71pp
2020 3.71% -6.27pp
2019 9.97% +2.01pp
2018 7.96% -2.84pp
2017 10.80% +7.81pp
2016 2.99% +2.38pp
2015 0.61% -6.84pp
2014 7.45% +4.54pp
2013 2.91% -9.88pp
2012 12.78% -2.33pp
2011 15.12% -24.06pp
2010 39.18% +37.35pp
2009 1.83% -19.62pp
2008 21.45% +9.82pp
2007 11.63% -10.36pp
2006 21.99% +1.89pp
2005 20.10% +3.41pp
2004 16.69% +6.45pp
2003 10.24% +3.87pp
2002 6.37% -4.08pp
2001 10.45% -1.55pp
2000 12.00% +1.12pp
1999 10.88% +12.81pp
1998 -1.93% -23.60pp
1997 21.67% +10.86pp
1996 10.81% -49.46pp
1995 60.27% -4.05pp
1994 64.32% -254.58pp
1993 318.90% +145.21pp
1992 173.69% +80.37pp
1991 93.32% +70.08pp
1990 23.24% +16.10pp
1989 7.15% +6.22pp
1988 0.93% +0.12pp
1987 0.81% +9.98pp
1986 -9.17% -7.72pp
1985 -1.45% +1.64pp
1984 -3.09% -3.99pp
1983 0.90% -1.08pp
1982 1.98% -

About Mongolia inflation

Mongolia inflation measures the annual percentage change in the general level of consumer prices. This indicator is essential to understand how the purchasing power of money varies over time. Our Mongolia inflation calculator allows you to visualize these changes and calculate monetary equivalences between different years.

What is inflation?

Inflation is the sustained and generalized increase in the price level of goods and services in an economy over a period of time. When inflation rises, each monetary unit buys fewer products. The inflation rate is generally measured by the Consumer Price Index (CPI), which reflects changes in the cost of a representative basket of goods and services.

How to use this inflation calculator?

Our Mongolia inflation calculator offers three tools: 1) Historical calculator: enter a value and select two years to see how purchasing power has changed. 2) Future value: estimate what your money will be worth in the future with a projected inflation rate. 3) Past value: calculate the equivalent of a current amount in the past.

Data provided by the World Bank (World Bank Open Data). Data is updated annually.

Frequently Asked Questions

What is the current inflation in Mongolia?
According to the latest available World Bank data, Mongolia inflation in 2023 was 21.77%. This inflation rate represents the annual percentage change in the consumer price index (CPI).
How to calculate cumulative inflation in Mongolia?
To calculate cumulative inflation in Mongolia, use our historical calculator. Enter an initial value, select the start year and end year. The calculator will multiply the value by each year's inflation factors to give you the equivalent value and total cumulative inflation in percentage.
What was the highest inflation recorded in Mongolia?
You can check Mongolia's historical inflation in the chart and table on this page. The data shows the evolution of the annual inflation rate from 1982 to 2023, allowing you to identify periods of highest and lowest inflation.
How does inflation affect purchasing power?
Inflation reduces the purchasing power of money over time. For example, if inflation is 3% per year, what costs $100 today will cost $103 next year. Our inflation calculator helps you visualize exactly how much the real value of your money has changed in Mongolia.
What is the historical average inflation in Mongolia?
The historical average inflation in Mongolia can be calculated with the data on this page. Check the statistics in the chart section where we show the historical average, as well as the maximum and minimum values recorded during the period 1982-2023.
What is the CPI and how does it relate to inflation?
The CPI (Consumer Price Index) is an indicator that measures the price variation of a basket of goods and services representative of household consumption. The inflation rate is calculated as the percentage change in the CPI between two periods. Our Mongolia inflation data is based on the official CPI.