Consumers’ expectation of Mon­golia’s economic situation in the next six months has deteriorated, even though the current situation index has improved significantly. Consumers are less optimistic about job availability and income from a year earlier, decreasing the expectation index. In the third quarter of 2019, the Consumer Confidence Index (CCI) in Mongolia is 83.5 at a similar level compared to the same period in the previous year. It has increased only by 1.8 percentage points. A significant increase in the Current Situation Index (CSI) was the main driver of this growth. In particular, the CSI has increased by 7.3 percentage points to 60.7. However, the Expectation Index has decreased slightly by 1.8 per­centage points and reached 98.7.CCI in Ulaanbaatar was 94.1 in the reporting period while CSI reached 68.1, and Expectation In­dex stood at 111.5. Consumers in rural areas are less optimistic than in Ulaanbaatar with average CCI of 77.1. CCI survey collects data on con­sumers’ expectation price levels. In the third quarter of 2019, 61 per­cent of individuals have the ex­pectation of an “increase in price level” in the next six months and this response is lower by 11 per­cent compared to 2018. A quarter of consumers expects “no change in price level” in half a year. In the next year, consumers are expecting the annual inflation rate to be around 6 percent and the exchange rate of USD to be around MNT 2,706.