Indonesia Braces for Fuel Hike Protests, Soaring Inflation
![Indonesia Braces for Fuel Hike Protests, Soaring Inflation](https://foto.kontan.co.id/HLlLHwv68YDmQRikr23fQW7C4TM=/smart/2022/09/05/1808262427p.jpg)
KONTAN.CO.ID - JAKARTA. Indonesian authorities were on Monday bracing for mass protests after an unpopular hike in fuel prices, a move the government said could see inflation increase to 6,8% this year, though with limited impact on economic growth.
President Joko Widodo bit the bullet and raised subsidised fuel prices by about 30% on Saturday to rein in a ballooning energy subsidy budget, ending weeks of deliberation about the impact on the public and spectre of mass protests.
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