The price setting behavior of Colombian retailers of goods and services was studied based on a uniquedataset containing 12,052,970 individual price reports covering all items in the Colombian CPI fromMarch 1999 to May 2008. The main results are summarized as follows: 1. Colombian consumerprices...

In this paper we explore the price setting behaviorof Colombian producers and importers using a unique database containing the monthly price reportsunderlying the Colombian PPI from Jun-1999 to Oct-2006. We focus on five particular questions: 1. Are prices sticky or flexible? 2. Is a price...