Priviet Social Sciences Journal
Vol. 1 No. 1 (2021): July

Analysis of the relationship between the increase of fuel with prices of basic needs in DKI Jakarta

Swastika Putri Puspita Madani (Bina Nusantara University)
Chiesa Krisnaya Vendra (Bina Nusantara University)
Michael Fumar (Bina Nusantara University)
Muhamad Andi Nurdiansyah (Bina Nusantara University)
Dita Ayu Saphira (Bina Nusantara University)
Ayu Nuril Hikmah (Bina Nusantara University)
Naufal Aulia Akbar (Bina Nusantara University)
Ergy Bimoyoan Ermanto Nurdin Hamzah (Bina Nusantara University)
Muhammad Daffa Fawwaz (Bina Nusantara University)



Article Info

Publish Date
05 Jul 2021

Abstract

The policy of increasing fuel prices has occurred several times from time to time during the leadership at that time. The reciprocal relationship between rising production costs and declining people's purchasing power has weakened the overall economic cycle in Indonesia. In carrying out life, people in their daily lives certainly cannot be separated from basic necessities and can be said to depend on the fulfillment of these basic needs. This is indeed natural because in life, people need to consume food that comes from basic needs to meet nutritional intake. Based on the Pearson correlation value in the correlation test, it is known that the correlation value is 0.844, so the level of relationship between the increase in fuel prices and the price of basic necessities is in a very strong position.

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Journal Info

Abbrev

PSSJ

Publisher

Subject

Economics, Econometrics & Finance Education Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

Description

PSSJ: Priviet Social Sciences Journal is an open access, monthly peer-reviewed international journal published by PRIVIETLAB. It provides an avenue to academicians, researchers, managers and others to publish their research work that contributes to the knowledge and theory of Social Sciences. PSSJ ...