Macroeconomic Forecast Barbados

BMI View: Consumer price inflation moderated to 9.6% y-o-y in December, after peaking at 11.2% in October. While the December reading was below our end-2011 forecast of 10.5%, we believe higher fuel and transportation prices will keep inflationary pressures elevated over the coming quarters, in line with our 2012 average inflation forecast of 9.3%.

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