Development of inflation rates in Mongolia
The inflation rate in Germany moved over the past years between 0.0% and 268.2%. For 2016, an inflation rate of 0.6% was calculated.
During the observation period from 1993 to 2016, the average inflation rate was 26.5%
per year. Overall, the price increase was 6,800.86 %. An item that cost 100 Tugrik in 1992 was 2016 so charged 6,900.86 Tugrik.
In only a very few countries, the price increase is that high. The rate of 268.2% in 1993 means, that compared to the previous year all prices have been increased by an average of 268.2%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Mongolia