Mongolia’s inflation, as measured by the consumer price index, rose 11.3 percent year on year in April, data from the country’s National Statistics Office (NSO) showed Tuesday.The increase was mainly related to the higher prices of imported goods, especially food products, the NSO said.
More than half of over 400 items of the landlocked country’s consumer goods and services basket are imported, according to the statistical agency.
Mongolia has aimed at reducing its inflation rate to a single digit by the end of this year, the country’s central bank has said.—Xinhua
