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CCI survey collects data on consumers’ expectation of price level. In the fourth quarter of 2017, the expectation of “increase in price level” in next 6 months has dominated (62.3 percent), while 20.9 percent of consumers expect no change in price level in next 6 months. However, 11 percent of consumers have the expectation of “do not know about changes in inflation” in this period.
In the fourth quarter of 2017, Consumer Confidence Index (CCI) in Mongolia has decreased by 3.6 percentage points compared to the same period of the last year and reached to 74.7. The Expectation Index, which is one of the components of CCI, contributed to this decrease. In particular, the Expectations Index has decreased by 12.3 percentage points.