THE OIL PRICE HIKE ALTERS PURCHASING POWER AND DAILY CONSUMPTION BUYING BEHAVIOR OF SOCIETY OF INDONESIA

Gatut L. Budiono
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Gatut L. Budiono: University of Pancasila, Indonesia

Revista Economica, 2010, vol. 49, issue 1-2, 38-50

Abstract: The fuel price hike has caused panic stricken all level of Indonesia's society. Oil price hike directly driving majority daily consumption goods price increase. These oil price increase was not followed by the increase of income. The oil price hike has a wide economical concequences to Indonesia's society. Society's purchasing power has depressed lower and automatically changing daily consumption goods buying preference. The oil price hike affecting significantly to lower income society's daily consumption goods and not significantly affecting one with higher income. These mean that the poor were affected by the oil price hike.

Date: 2010
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