ULAN BATOR, May 9 (Xinhua) -- Mongolia's inflation, as measured by the consumer price index, dropped to 6.4 percent in April, data from the country's National Statistics Office showed Thursday.
The inflation rate was down by 4.9 percentage points compared to the same period last year, the statistical agency said.
The slowdown was mainly related to a significant increase in forex reserves and the stable exchange rate of the national currency, the Tugrik, according to experts of the statistical agency.
The Asian country's forex reserves have risen to 5.25 billion U.S. dollars, hitting an all-time high, the country's central bank has said.
The country has set a goal to stabilize inflation around the target rate of 6 percent in the medium term.
