The Impact Of Globe Economic Uncertainty On Price And Consumption Of Cooking Oil
Satrio Fajar Putra (a*), Sri Herianingrum(b)

a) Faculty of Economic and Business, Airlangga University, Jl. Airlangga No.4 Surabaya, Indonesia
satrioputra051[at]gmail.com
b) Faculty of Economic and Business, Airlangga University, Jl. Airlangga No.4 Surabaya, Indonesia
sri.herianingrum[at]feb.unair.ac.id

Abstract

The aim of this research is to analyze the impact of global economic uncertainty which causes the price and consumption of cooking oil to be expensive or scarce. Global economic uncertainty here includes changes in currency exchange rates, volatility in crude oil prices, and of course the global economy. The cooking oil commodity is one of the many staple ingredients for household consumption in several countries. Researchers will collect global economic data and other indicators that influence the price and consumption of cooking oil, and researchers will identify the relationship between global economic uncertainty and changes in the price and consumption of cooking oil. This research provides results that economic uncertainty has an impact on the price and consumption of cooking oil. Then, Changes in exchange rate fluctuations and volatility also affect the price of cooking oil on the international market. Apart from that, economic uncertainty also influences changes in consumer behavior.

Keywords: Economic Uncertainty, Consumption, Increase in Cooking Oil Prices

Topic: Development economics