Illustration (Photo:Medcom.id/Rakhmat Riyandi)
Illustration (Photo:Medcom.id/Rakhmat Riyandi)

Govt to Evaluate Air Ticket Price Regulations

English transportation (en)
Eko Nordiansyah • 19 Juni 2019 16:38
Jakarta: Coordinating Ministry for Economic Affairs secretary Susiwijono has revealed that related ministers will gather tomorrow to evaluate domestic air ticket prices.
 
In mid-May, the government decided to lower price ceilings for domestic airfares by 12-16 percent. According to Coordinating Minister for Economic Affairs Darmin Nasution, the government took the decision for of both airlines and the passengers.
 
The government has noticed an airfare surge among domestic airline companies since the end of December 2018. The impact of airfare hike has affected the people and many industries.

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The meeting reportedly will be attended by Transportation Minister Budi Karya Sumadi and State-Owned Enterprises Minister Rini Soemarno. The Coordinating Ministry for Economic Affairs will also invite state airport operator Angkasa Pura.
 
"We will evaluate our previous polices. Are the policies effective? If our previous policies cannot decrease domestic air ticket prices, we will consider other options," the Coordinating Ministry for Economic Affairs official said here on Wednesday.
 
Inflation in May 2019, which coincided with the holy fasting month of Ramadan and the approach to Eid-al-Fitr, remained under control. Consumer Price Index (CPI) inflation increased from 0.44 percent month-to-month (mtm) in April 2019 to 0.68 percent (mtm) in May 2019. As of May 2019, therefore, CPI inflation stands at 1.48 percent year-to-date (ytd) or 3.32% year-on-year (yoy) annually.
 
CPI inflation was edged up in May 2019 by inflationary pressures on volatile foods during Ramadan and the approach to Eid-ul-Fitr. Volatile foods (VF) recorded 2.18 percent (mtm) inflation in May 2019, up from 1.59 percent (mtm) the month earlier. Inflationary pressures on volatile foods stemmed primarily from red chillies, purebred chicken meat, garlic, fresh and preserved fish, purebred chicken eggs, bird’s eye chillies, fruit and vegetables. Annually, VF inflation stood at 4.08 percent (yoy) in the reporting period, increasing from 2.05 percent (yoy) the month earlier.
 
Following seasonal trends, inflationary pressures on administered prices have also intensified. Administered prices (AP) recorded 0.48 percent (mtm) inflation in May 2019, up from 0.16 percent (mtm) the month earlier. AP inflation originated from intercity fares, airfares, railway fares, filtered clove cigarette prices and parking charges. Annually, AP inflation increased from 3.17 percent (yoy) in April 2019 to 3.38 percent (yoy) in May 2019.
 

(WAH)
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