Consumer prices spike as food costs soar


Gone are the days when you could go to market with 500 Liberian dollars and buy enough to feed three or more people.

Imagine trying to buy 4 pieces of chicken thighs for 100 Liberian dollars, only to find out that 100 LRD can get you only 2 pieces.

Everything you touch in the market has gone up three times the former price.

The dollar exchange rate in Liberia is now US$ 1 to 163 Liberian dollars. It was half that amount about three to five years ago.

Liberian President George M. Weah said recently he is taking measures to tackle inflation and poverty.

 “I am fully aware of the negative impact of the declining exchange rate on the economic well-being of the Liberian people, and the serious hardship that this is beginning to cause,” Weah said in an address to the nation. -- story by Kamal Anisiobi

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