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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 rate of inflation
In the third quarter of 2018, 72 percent of individuals have the expectation of “increase in price level” in next 6 months and this response is higher by 27.2 percentage points than that of the third quarter of 2017. One fifth of consumers expects “no change in price level” in next 6 months. Compared to the previous year, this response is lower by 7.2 percentage points.
Household Financial Situation
In the third quarter of 2018, 13.5 percent of consumers responded their financial situation improved within a year, while 28.3 percent responded their financial situation deteriorated. Moreover, the proportion of respondents reported deterioration has decreased by 6.1 percentage points.