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Mongolia inflation accelerates to 9.0 pct in September

Source: Xinhua

Editor: huaxia

2025-10-14 12:26:00

A staff member (C) works at a grocery store in Ulan Bator, Mongolia, Oct. 13, 2025. Mongolia's annual inflation rate accelerated to 9.0 percent in September, the National Statistics Office (NSO) said Tuesday. This figure reflects a 2.7-percentage point increase compared to the same period last year and a 0.2-percentage point increase from the previous month, the NSO said in a statement. (Photo by Garid/Xinhua)

ULAN BATOR, Oct. 14 (Xinhua) -- Mongolia's annual inflation rate accelerated to 9.0 percent in September, the National Statistics Office (NSO) said Tuesday.

This figure reflects a 2.7-percentage point increase compared to the same period last year and a 0.2-percentage point increase from the previous month, the NSO said in a statement.

Mongolia's central bank plans to keep inflation within 5 percent (±2 percentage points) starting from 2027 to ensure macroeconomic and financial stability.

The landlocked Asian country's economy grew 5.6 percent in the first half of 2025, according to the statistical agency.

Meanwhile, the World Bank has predicted that Mongolia's economy would grow by 5.9 percent in 2025 and 5.6 percent in 2026.

A staff member weighs vegetables at a grocery store in Ulan Bator, Mongolia, Oct. 13, 2025. Mongolia's annual inflation rate accelerated to 9.0 percent in September, the National Statistics Office (NSO) said Tuesday.

This figure reflects a 2.7-percentage point increase compared to the same period last year and a 0.2-percentage point increase from the previous month, the NSO said in a statement. (Photo by Garid/Xinhua)

This photo taken on Oct. 13, 2025 shows vegetables at a grocery store in Ulan Bator, Mongolia. Mongolia's annual inflation rate accelerated to 9.0 percent in September, the National Statistics Office (NSO) said Tuesday.

This figure reflects a 2.7-percentage point increase compared to the same period last year and a 0.2-percentage point increase from the previous month, the NSO said in a statement. (Photo by Garid/Xinhua)