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This paper empirically investigates the inflationary process in Barbados over the period 1961-1993 with a view to identifying a reliable model of inflation for this small open economy (SOE). It draws on recent thinking (with respect to inflation and econometric theory) and on insights from previous studies in order to identify variables which not only explain Barbados' historical inflation experience, but also offer some degree of stability in terms of their predictive capability. The results should prove useful in improving forecasts of inflation in Barbados.