Ulaanbaatar
Inflation reaches 14.2 percent in February, 2022
Economy
Ulaanbaatar/MONTSAME/. In February 2022, consumer price
index at the national level increased by 1.1 percent from the previous month,
by 3.1 percent from the end of the previous year and by 14.2 percent from the
same period of the previous year.
The inflation rate was 6.9 percent in February 2019, 6.4
percent in February 2020, 2.6 percent in February 2021 and reached 14.2 percent
in February 2022, increased by 11.6 percentage points from the same period of previous
year.
The price of 373 items was collected for the consumer goods
and services basket at the national level and prices of 344 items collected for
goods and services basket in Ulaanbaatar. Out of 373 selected items of goods
and services, 200 items were imported goods and services, which accounts for
45.5 percent of the total weight.
In February 2022, 50.7 percent of 14.2 percent inflation
rate was mainly contributed by an increase in prices of imported goods and
services. The contribution of prices of imported goods and services increased
by 16.1 percentage points compared to February 2021 and increased by 3.4
percentage points compared to previous month.
In February 2022, the highest increase in Central region CPI
for food items was 17.6 percent, and in CPI for non-food items was 14.7 percent
in the Ulaanbaatar city.
