2005 Instituto Juan de Mariana
Instituto Juan de Mariana
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Monetary Policy

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2006/01/15 - Gabriel Calzada

Who Is Stealing Our Purchasing Power?

The Consumer Price Index (CPI) shot up 3.7 percent in 2005, the highest level in the past three years. Consumer associations, unions, small business and self-employed organizations and business in general are up in arms. Whose fault is it? The chicken’s? The vegtables’? The tourist sector’s? A consumption obsessed population’s? The olive oil’s?
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