Commodity price shocks

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Commodity price shocks are times when the prices for commodities have increased suddenly. [1]

[edit] 1971-1973

At the time of the 1973 oil crisis the price of corn and wheat went up by a factor of 3.

[edit] 2005-2008

The 2007–2008 world food price crisis has seen corn, wheat, and rice go up by a factor of 3 when measured in US dollars.

[edit] References

  1. ^ http://scholar.google.com/scholar?hl=en&q=commodity%20price%20shocks&um=1&ie=UTF-8&sa=N&tab=ws
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