City drew 2-2 with Liverpool on Sunday to fall nine points behind rivals Manchester United.
“The championship is not over, absolutely not, because of last season and also two years ago [actually three]. I don’t think it is finished,” said Mancini.
“There is room for mistakes. I think we probably need to win all of our games but, if not all, 11, 12 games. But this is football and this can happen sometimes.”
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Since Guus Hiddink arrived at the helm, Chelsea have improved considerably after a tricky start to the campaign.
Newcastle United are staring down the barrel of relegation to the Championship for the second time in the past eight years.