Wednesday, November 15, 2006

Inflation Strikes Again...

I talked a little bit about how St. Petersburg had experienced some inflation and things seemed more expensive. Inflation in Russia is pretty high, at least in some part because of the tons of money flowing in from oil and gas revenues. You expect in Moscow, but it hit home this morning when I hopped on my No. 7 trollybus and discovered...Horrors!...its gone from five to six rubles. Admittedly, this is a jump from twenty cents to twenty-four cents, but it also breaks the perfect synergy of paying for the morning ride with a ten ruble note and have the five rubles left for the ride home. This event is currently causing much consternation in the AH teachers' office.

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