{
    "success": true,
    "data": {
        "id": 1149472,
        "msgid": "prices-remain-stable-as-fuel-hike-factored-in-1447893297",
        "date": "2005-03-05 00:00:00",
        "title": "Prices remain stable as fuel hike factored in",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Prices remain stable as fuel hike factored in The Jakarta Post, Jakarta Prices at traditional markets remained relatively stable three days after the government raised fuel prices by an average of 29 percent, as they had slightly increased after the government floated the idea last month. \"I haven't noticed any increase this past week,\" said Atang, who shops daily at Kebayoran market in South Jakarta for his catering business.",
        "content": "<p>Prices remain stable as fuel hike factored in<\/p>\n<p>The Jakarta Post, Jakarta<\/p>\n<p>Prices at traditional markets remained relatively stable three<br>\ndays after the government raised fuel prices by an average of 29<br>\npercent, as they had slightly increased after the government<br>\nfloated the idea last month.<\/p>\n<p>\"I haven't noticed any increase this past week,\" said Atang,<br>\nwho shops daily at Kebayoran market in South Jakarta for his<br>\ncatering business. \"Most prices rose in February.\"<\/p>\n<p>Asep, who sells rice at Slipi market in West Jakarta, said<br>\nprices of staple food started creeping up in February, in<br>\nanticipation of the fuel hike.<\/p>\n<p>\"Each week I would increase the price by Rp 50,\" said Asep.<br>\n\"At the beginning of the month, I was selling it for Rp 3,250 per<br>\nkilogram, now it is Rp 3,400.\"<\/p>\n<p>He added that by incrementally increasing the price he was<br>\nable to soften the impact it would have on his customers, who in<br>\ngeneral were understanding of the reason behind the increase.<\/p>\n<p>Ratih, who has sold vegetables at Slipi market for 20 years,<br>\nsaid most of her produce suppliers started to increase prices in<br>\nFebruary, as they were starting to factor in the government's<br>\nplanned reduction of the fuel subsidy.<\/p>\n<p>\"If there are any fluctuations in price now, it will mostly be<br>\nfor products affected by the weather, such as chili and onions,\"<br>\nsaid Ratih.<\/p>\n<p>She added that although the fuel price hike did not cause<br>\nprices to immediately jump, she could not guarantee that they<br>\nwould remain stable as the whole economic impact of the fuel<br>\nprice hike had not been played out yet.<\/p>\n<p>Atang said that although he could tolerate an increase of up<br>\nto 10 percent, he hoped prices would remain stable.<\/p>\n<p>He added that besides increasing prices, some vendors had<br>\nfound other ways to pass on the impact of the fuel hike to their<br>\ncustomers.<\/p>\n<p>\"For instance, the price of tempeh, which is sold in sheets,<br>\nhas not risen,\" said Atang. \"However, the seller has made the<br>\nportions noticeably smaller.\" (002)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/prices-remain-stable-as-fuel-hike-factored-in-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}