Mongolia’s January CPI rose 9.6% YoY, up from 9% in December. The increase was driven by food and non-alcoholic beverage prices, including meat, bread, and rice. Imported goods contributed significantly to the CPI, and services saw a 16.4% increase. The country’s current account deficit stood at USD 2.37 bln, compared to a surplus of USD 121.3 mln in 2023.