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Prices up 22% in Mongolia in 2008 PDF Print E-mail
Monday, 19 January 2009
ImageConsumer prices were up 22.1% from December 2008 to December 2007. 

Government figures also sowed that the CPI had increased 0.04% from November 2008 to December 2008. 

The 22.1% increase was 3.6 times higher than the six percent goal set by the Main Guidelines of Socio-Economic Development of Mongolia for 2008. 

A breakdown of industry costs for 2008 showed the cost of education had risen 39%; restaurants and hotels up 31.4%;

medical goods and care up 27.0%; transportation up 25.8%; foodstuff up 24.0%; housing, water, electricity and fuels up 22.6%; clothing and footwear up 16.5%; household furnishings and goods up 15.4%; alcoholic beverages, and tobacco up 12.4%. 

Officials noted that the highest percent increase was found in Bulgan aimag where prices increased 29.4%. 
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