News Releases

UWI-CCMF launches Price Formation & Inflation Dynamics in the Caribbean

For Release Upon Receipt - May 18, 2012

St. Augustine

The University of the West Indies Caribbean Centre for Money and Finance (CCMF) is pleased to announce the E-launch of the book “Price Formation and Inflation Dynamics in the Caribbean.” Following an online video, members of the public can access and download free copies of the book from the CCMF’s website from Tuesday May 22, 2012.

Written by a number of esteemed Caribbean economists, the book examines behaviour of the prices of very specific items, to gain better insight into how prices are set, and when and why these prices are changed. The authors use data collected for the compilation of the index of retail prices in Barbados, Curacao, Guyana, St Lucia and Trinidad and Tobago. The book represents the first study on inflation which documents the specifics of price formation in this way.

Authors of the book include Dr. Gobind Ganga, Deputy Governor of the Bank of Guyana; Professor Roland Craigwell, Lecturer at UWI, Cave Hill Campus; Edwin St. Catherine, Director of Statistics, Saint Lucia and Dr. Reshma Mahabir, Senior Economist at the Central Bank of Trinidad and Tobago.

“Price Formation and Inflation Dynamics in the Caribbean” contributes to the ongoing search for deeper insight into how our economies work, as a means of better informing policy choices. It explains the complex process by which prices are determined as a result of the many thousands of individual decisions, transactions and contracts for the purchase and sale of a wide variety of goods and services within Caribbean economies.

The book is edited by Dr. DeLisle Worrell, Governor of the Central Bank of Barbados, Professor Roland Craigwell and Dr. Winston Moore, both lecturers within the Department of Economics, UWI, Cave Hill.

For more information please contact Ms. Tracy Polius at Tel: (868) 645 1174 or via email:

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About UWI

Over the last six decades, The University of the West Indies (UWI) has evolved from a fledgling college in Jamaica with 33 students to a full-fledged University with over 40,000 students. Today, UWI is the largest and most longstanding higher education provider in the English-speaking Caribbean, with main campuses in Barbados, Jamaica and Trinidad and Tobago, and Centres in Anguilla, Antigua & Barbuda, The Bahamas, Belize, British Virgin Islands, Cayman Islands, Dominica, Grenada, Montserrat, St Christopher (St Kitts) & Nevis, St Lucia, and St Vincent & the Grenadines. UWI recently launched its Open Campus, a virtual campus with over 50 physical site locations across the region, serving over 20 countries in the English-speaking Caribbean. UWI is an international university with faculty and students from over 40 countries and collaborative links with over 60 universities around the world. Through its seven Faculties, UWI offers undergraduate and postgraduate degree options in Engineering, Humanities & Education, Law, Medical Sciences, Pure & Applied Sciences, Science and Agriculture, and Social Sciences.

(Please note that the proper name of the university is The University of the West Indies, inclusive of the “The”, hence The UWI.)