According to the report made by the Bank of Mongolia, inflation rate in UB city reached 7.2 percent as of last month which dropped by two times from 15.6 percent to 7.2 percent compared with the same period of last year.
What is the basket of goods?
The basket is a term used to describe the collection of goods and services that are used to measure consumer price inflation. This is the rate at which the prices of goods and services bought by households rise or fall.
As of today, Mongolian basket of goods consisted of 329 different products and services. Change in basket of goods were made in December, 2010 which was included 287 types of products and services before. Lastly, pizza was added to our basket of goods.
According to the report made by the Bank of Mongolia, inflation rate in UB city reached 7.2 percent as of last month which dropped by two times from 15.6 percent to 7.2 percent compared with the same period of last year.
What is the basket of goods?
The basket is a term used to describe the collection of goods and services that are used to measure consumer price inflation. This is the rate at which the prices of goods and services bought by households rise or fall.
As of today, Mongolian basket of goods consisted of 329 different products and services. Change in basket of goods were made in December, 2010 which was included 287 types of products and services before. Lastly, pizza was added to our basket of goods.