Macroeconomic Forecast Barbados

October 2006 | Macroeconomic Forecasts

After a slight easing of inflationary pressures in April, headline consumer price inflation (CPI) came in at 7.1% y-o-y in May (up from 6.9% y-o-y in 2005), breaking through the 7% mark for the fourth time this year. Prices for fuel, housing and transportation experienced the highest increases, having risen by 16.2% y-o-y, 9.6% y-o-y and 7.3% y-o-y respectively. Clothing and footwear was the only category which saw deflation, falling by 9.4% y-o-y. High energy prices certainly contributed most to the rises in CPI, and therefore we expect that CPI is likely to rise until August. However, in light of

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