“The world economy has recently been hit by commodity price fluctuations, with first round effects on noncore inflation and second round effects on core inflation. The policy response to commodity price fluctuations depends on the first and second round effects as well as on the strength of the central bank reaction to noncore inflation.”

The price fluctuations determines the economy and for instance the company in the way the money firms has to pay to government in order to be stable the economy’s country.

In the following table it demonstrates the price paid to Colombian growers for coffe and shows a significant fluctuation in the market price.

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