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Price Behavior in an Inflationary Environment: Evidence from Supermarket Data

Carlos Felipe
Jaramillo
Daniel
Cerquera
Miércoles, 1 Diciembre 1999

This paper analyzes several important aspects of price behavior using disaggregated weekly data on prices of supermarket products in Colombia between 1991 and 1994. The analysis shows that despite high and persistent rates of inflation in the economy, pri