These are the services for which prices are at least partly regulated, or for which the public sector is a significant provider. This includes services such as health, education and child care. It also includes utilities, which I will talk about separately.
By the end of that decade, however, as I have described earlier, there were only two monetary policy regimes that held out the promise of being achievable and of providing a nominal anchor -- the first was the hard currency option and the second was an inflation target.