Tuesday, September 02, 2008
Food Prices Increase and the Dollar Drops
Inflation is galloping along here in Bishkek. I have noticed a sharp increase in food prices recently. The price of a Bii Burger has jumped from 55 som to 60 som in the last week. Meanwhile wages remain frozen. To make matters worse the value of the dollar has dropped. It is now hovering permanently below 35 som. When I first came here a little over a year ago it was 38 som to the dollar.