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Inflation Reaches 9.2 Percent in October www.montsame.mn
Inflation rate in Mongolia, measured by the consumer price index, reached 9.2 percent in October 2025, 2.6 percentage points higher than the same period in 2024, according to the National Statistics Office of Mongolia.
Price increases for imported goods other than petroleum contributed 2.2 percentage points, while price increases for domestic goods, excluding meat and solid fuel, added 5.4 percentage points to overall inflation. The consumer basket includes 430 goods and services, of which 238 or 55.3 percent are imported.
Prices for meat and meat products rose 16.7 percent year-on-year, with beef up 18.1 percent and mutton and goat meat up 18.2 percent. Prices in the bread, flour, and rice category rose 6.9 percent compared to October 2024.
In Ulaanbaatar, inflation stood at 9.9 percent, up 3.5 percentage points from a year earlier. Imported goods excluding fuel contributed 1.8 percentage points, while domestic goods excluding meat and solid fuel added 6.5 percentage points.
The average price of 1 kg of beef in the capital was MNT 24,258, up 19 percent from October 2024 and 32.8 percent from October 2023, though slightly down by MNT 107 from September 2025. The average price of first-grade flour rose to MNT 2,459, up 4.6 percent from a year earlier.
The average price of AI-92 gasoline was MNT 2,590 per liter, 8.4 percent higher than in October 2024 but unchanged from September 2025.
Across aimags, consumer prices rose between 6.4 and 10.5 percent year-on-year, with Bulgan aimag recording the lowest increase of 6.4 percent and Darkhan-Uul the highest (10.5 percent).
Year-on-year inflation in October was mainly driven by higher prices for:
Food, beverages, and water — 11.9%
Clothing and footwear — 6.7%
Housing, utilities, and fuels — 19.3%
Household goods — 7.0%
Hotels, restaurants, and dormitory services — 11.3%
Education services — 12.8%
Published Date:2025-11-11
