Institute for Economic and Social Research – Faculty of Economics and Business – Universitas Indonesia

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LABOR MARKET BRIEF: Volume 3, Number 9, September 2022

Friday September 30th, 2022

The increase in fuel prices in early September 2022 caused considerable turmoil in the community because it affected spending and triggered an increase in the prices of other goods and services. This decision was taken by the government in connection with the increase in world oil prices and in order to reduce the burden on the state budget for fuel subsidies. Nevertheless, the government has prepared a cushion especially for the poor and vulnerable groups in order to maintain their purchasing power.

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