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Inflation reaches 14.2 percent in February, 2022 www.montsame.mn
In February 2022, consumer price index at the national level increased by 1.1 percent from the previous month, by 3.1 percent from the end of the previous year and by 14.2 percent from the same period of the previous year.
The inflation rate was 6.9 percent in February 2019, 6.4 percent in February 2020, 2.6 percent in February 2021 and reached 14.2 percent in February 2022, increased by 11.6 percentage points from the same period of previous year.
The price of 373 items was collected for the consumer goods and services basket at the national level and prices of 344 items collected for goods and services basket in Ulaanbaatar. Out of 373 selected items of goods and services, 200 items were imported goods and services, which accounts for 45.5 percent of the total weight.
In February 2022, 50.7 percent of 14.2 percent inflation rate was mainly contributed by an increase in prices of imported goods and services. The contribution of prices of imported goods and services increased by 16.1 percentage points compared to February 2021 and increased by 3.4 percentage points compared to previous month.
In February 2022, the highest increase in Central region CPI for food items was 17.6 percent, and in CPI for non-food items was 14.7 percent in the Ulaanbaatar city.
Published Date:2022-03-21
