National CPI slightly rises in NovemberEconomy
Ulaanbaatar /MONTSAME/ In November of 2016, the national consumer price index across the country increased by 0.5 percent compared to the previous month and by 0.2 percent compared to the same period in 2015 and by 0.4 percent against the beginning of 2016.
This slight increase of 0.2 percent from the same period of the previous year was mainly due to increase of 1.3 percent in prices for clothing and footwear (6.0 percent in prices for clothing materials subgroup), 6.0 percent in prices for health group (12.2 percent in prices for out-patient services subgroup), and 2.5 percent in prices for education group.
Last month, the national consumer price index for urban consumers increased by 0.7 percent against the previous month, decreased by 0.4 percent from the beginning of the year and by 0.6 percent from the same period in 2015.
This slight drop of 0.6 percent from the same period of the previous year was mainly due to decrease of 4.6 percent in prices for housing, water, electricity and fuels group (of which 11.6 percent in prices electricity, gas and other fuels subgroup), 1.7 percent in prices for food and non-alcoholic beverages group (of which 20.7 percent in prices potato and vegetables subgroup) and 1.7 percent in prices for transport group.