This is not to say that useful steps could not be taken to improve the transparency and functioning of  2  The dominant role of commodity prices in driving the recent increase in inflation can be seen by contrasting the overall inflation rate with the so-called core measure of inflation, which excludes food and energy prices.
Core inflation has been fairly steady this year at an annual rate of about 2 percent. BIS Review 90/2008  3  futures markets, only that such steps are unlikely to substantially affect the prices of oil or other commodities in the longer term.