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ULAN BATOR. KAZINFORM – The annual inflation charge for Mongolia rose by 13.2 p.c yr on yr in December, knowledge by the nation’s Nationwide Statistics Workplace (NSO) confirmed on Friday, Xinhua reviews.
The rise was primarily as a result of greater costs for imported items, the NSO stated.
Nevertheless, the index decreased by 1.3 p.c from a month earlier, it stated.
There are 410 gadgets within the landlocked Asian nation’s client items and companies basket, with greater than half of them being imported, in keeping with the statistical company.
The nation has set a aim of decreasing its inflation charge again to single-digit ranges by the top of 2023.
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