Mongolbank: Deflation will not continue for long period

2017-01-06 12:25:39

Ulaanbaatar /MONTSAME/ The Bank of Mongolia observes that deflation will not continue for long period, said D.Ariunaa, senior officer of the Center for Public Education and Information of the central bank. Deflation noticed last year was mainly caused by price fall of meat and vegetables, reports Bank of Mongolia prior.

“- Inflation overview by the Mongolbank predicted that effect of meat price fall on inflation would be kept till the first half of the year. It does not mean deflation will go on. It is expected that inflation will be in low level” she explains.