Mongolia eyes inflation rate of 7-9.3% in 2019

Mongolia’s inflation rate could fluctuate between 7 percent and 9.3 percent through this year, local media reported, citing the central bank. The annual growth rate of production in Mongolia’s mining industry could be 1.9 percent, and the annual growth rate of production in the non-mining sector could be 7.9 percent. Despite reduced global demand for mineral raw materials, an increase in prices of coal and iron ore could have a positive impact on Mongolia’s economy.