Peru's economy is dependent on commodity exports, making the economy at risk due to price volatility in the international markets, though in recent decades the economy has began to diversify. The extraction of such commodities has brought conflict within the country due to its environmental and social impacts. Beginning in the 1980s, Peru faced economic difficulties as a result of the early 1980s recession and the increased political violence, with the government of Alan García enacting price controls that resulted in hyperinflation. Under the authoritarian government of Alberto Fujimori, a period of an increasingly open market known as "Fujishock" began in the 1990s, with price controls being discontinued, the privatization of state-run organizations occurring and the promotion of foreign investments happening through the removal of regulations. The economic measures of Fujimori, alongside his brutal repression of political violence within Peru, made the country more stable socially and economically that has resulted in a polarized legacy. The nation has more recently experienced increased development following the 2000s commodities boom, with improvement in government finances, poverty reduction and progress in social sectors. Poverty specifically has decreased significantly – from nearly 60% in 2004 to 20.5% in 2018 – while inflation in 2012 was the lowest in Latin America at 1.8%, with the most recent annual rate standing at 1.9% in 2020.