Ulaanbaatar
Inflation Reaches 9.2 Percent in October
Economy
Ulaanbaatar, November 11, 2025 /MONTSAME/. 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%
