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Consumer Confidence Index (CCI) is a barometer that measures the economic condition of Mongolia from a consumer perspective. NRCC has estimated CCI every quarter nationwide since 2014 in partnership with the Mongolia-Japan Human Resource Development Center. The index is based on consumer perceptions of current business and employment conditions and expectations for future business, employment, and income for six months.
Data collection for the Consumer Confidence Survey is conducted in the last month of the quarter. The quarterly survey covers about 1000 randomly selected consumers.
Consumer Confidence Survey is one of the few quarterly surveys in Mongolia. NRCC publishes Mongolia’s totals and breakouts by region, age, gender, education, income, and dwelling type. The concepts and questions used to compute the CCI remain the same, making it possible to compare historical data.
Click here for the CCI computation methodology file.
The Expected Inflation
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.
Consumer Financial Situation
The Quarterly CCI studies households’ financial situations. In the third quarter of 2017, the financial situation of households has improved slightly compared to the same period of last year. 14.9 percent of consumers responded that their financial situation have improved last year, while 32.1 percent reported that their financial situation have deteriorated.