Mongolia's inflation drops to 6.4 pct in April

0 Comment(s)Print E-mail Xinhua, May 9, 2024
Adjust font size:

ULAN BATOR, May 9 (Xinhua) -- Mongolia's inflation, as measured by the consumer price index, dropped to 6.4 percent in April, data from the country's National Statistics Office showed Thursday.

The inflation rate was down by 4.9 percentage points compared to the same period last year, the statistical agency said.

The slowdown was mainly related to a significant increase in forex reserves and the stable exchange rate of the national currency, the Tugrik, according to experts of the statistical agency.

The Asian country's forex reserves have risen to 5.25 billion U.S. dollars, hitting an all-time high, the country's central bank has said.

The country has set a goal to stabilize inflation around the target rate of 6 percent in the medium term. Enditem

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from