Economics, Econometrics and Finance
4 years ago

Barbados Prices Change Frequently, But Cuts Are Rare and Small.

RePEc: Research Papers in Economics
Does Consumer Price Rigidity Exist in Barbados
Roland Craigwell, Winston Moore, DeLisle Worrell

Paper Summary

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Consumer prices in Barbados change frequently, with most items in every category adjusting prices monthly. While both price reductions and increases occur regularly, reductions are fewer and smaller. Changes in money supply and national inflation do not significantly affect the frequency of price adjustments.