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Forecasting Food Price Inflation in Developing Countries with Inflation Targeting Regimes: the Colombian Case

Eliana Rocío
González-Molano
Miguel Ignacio
Gómez
Luis Fernando
Melo-Velandia
José Luis
Torres
Domingo, 1 Octubre 2006

Many developing countries are adopting inflation targeting regimes to guide monetary policy decisions. In such countries the share of food in the consumption basket is high and policy makers often employ total inflation (as opposed to core inflation) to s