Borraz, Fernando; Zipitria, Leandro - Departamento de Economía, Facultad de Ciencias Sociales - 2011
We use a rich and unique dataset of 20 million daily prices in groceries and supermarkets across the country to analyze stylized facts of the behaviour of consumer prices. Our findings are as follows: i) The median duration of prices is little over 2 months. Therefore, retail prices in Uruguay...