I would also like to acknowledge the staff of Banking and Currency, Mr. Tony Johnson, former analyst at the Central Bank and officials of the Barbados Stock Exchange who, in recent times, have presented lectures. Today, we are embarking on a completely new aspect of the Schools’ Outreach Programme.
A major reason for this is that consumers respond to changes in relative prices by changing the composition of their actual marketbasket. At present, however, the marketbasket used in constructing the CPI changes only once every decade or so.