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Mongolia's inflation rate reaches 8.6 pct in April www.xinhuanet.com
Mongolia's inflation rate, measured by the Consumer Price Index (CPI), reached 8.6 percent in April, local media reported on Thursday, citing the National Statistics Office (NSO).
This figure reflects a 2.9 percentage point increase compared to the same period in 2024 and a 0.3 percentage point increase from the previous month, the NSO said.
Mongolia's central bank targets an inflation rate within a range of 5 percent (+/- 2.0 percentage points) from 2027 to support macroeconomic and financial sector stability in the medium term.
Mongolia's economy in 2025 is expected to grow by 6.6 percent.
According to the Asian Development Bank, economic growth in Mongolia will be mainly driven by increased mining output and services and supported by robust domestic demand, infrastructure investment, and a gradual recovery in agriculture.
Published Date:2025-05-16
