Subsidized fuel price hike may significantly affect inflation
Jakarta – An increase in subsidized fuel oil prices may significantly impact inflation and reduce the people’s purchasing power, an economist has predicted. “If, for instance, (the prices) are raised now, then they will significantly contribute to inflation which will eventually lower the purchasing power,” Fahmy Radhi from Gadjah Mada University (UGM) said on Friday. […]
G20 to Tackle Soaring Global Food Price
Jakarta – Members of the G20 have expressed concerns about soaring global food and energy prices triggered by the war between Russia and Ukraine and expressed intent to solve the supply problem, Indonesian Minister of Foreign Affairs Retno Marsudi said Friday. The war and subsequent sanctions against Russia had hindered wheat supply from the two countries, responsible for […]