Mongolia's inflation down to 7.9 pct www.xinhuanet.com
Mongolia's inflation stood at 7.9 percent in December, as measured by the consumer price index, down by 5.3 percentage points from a year earlier, data from the country's National Statistics Office showed Thursday.
The agency attributed the decline to a significant increase in forex reserves and the stable exchange rate of the national currency the Tugrik.
The country aims to stabilize inflation around the target rate of 6 percent in the medium term.
Published Date:2024-01-11