Bakso Arsad Mardani — Restaurant in Jakarta

The upward adjustment of Bakso Ardyad's prices from Rp 16,000 in 2017 to Rp 23,000 in 2024 serves as a microeconomic indicator reflecting broader macroeconomic trends in Indonesia over this period.

Economic Analysis:

Inflationary Pressures: Indonesia has experienced persistent inflation over the years, driven by various factors such as rising costs of raw materials, fluctuating currency exchange rates, and increased labor costs. The steady increase in prices, including the cost of food items like meat, which is a primary component of bakso, has contributed to the necessity for businesses to adjust their pricing strategies.

Currency Depreciation: The Indonesian Rupiah (IDR) has faced periods of depreciation against major currencies such as the US Dollar. This depreciation increases the cost of imported goods and services, including ingredients that might not be locally sourced, thereby exerting upward pressure on domestic prices. This economic dynamic likely played a role in Bakso Ardyad's decision to raise its prices to maintain profitability.

Rising Operational Costs: Over the years, operational costs including wages, rent, and utilities have risen in Indonesia. The increase in minimum wage and other regulatory costs would compel small businesses, including food vendors like Bakso Ardyad, to pass on some of these increased expenses to consumers.

Stable Demand Despite Economic Fluctuations: The consistent quality and taste of Bakso Ardyad’s offerings have likely created a loyal customer base that is less price-sensitive, allowing the establishment to increase prices in response to economic pressures without significant loss of clientele. This indicates a form of inelastic demand, where consumers continue to purchase the product despite price increases, reflecting the value they place on quality and consistency.

Conclusion:

The increase in Bakso Ardyad's prices from 2017 to 2024 is reflective of broader economic challenges faced by small businesses in Indonesia, including inflation, currency depreciation, and rising operational costs. The ability of the business to maintain its customer base despite these challenges underscores the importance of product quality and consumer loyalty in navigating...

One of the best neighborhood bakso place in Johar Baru area. Their meatball is made fresh every day, it taste great with a perfect combination of spices and chewiness. The broth taste awesome and well ballanced. Parking space is available for motorcycles but can be very...

Rasa makanan nya enak, terutama kombinasi bakso dan bihunnya. Ini warung bakso yang tidak terlalu ramai namun melegenda.

Sayang tempat nya yang gelap dan apek membuat rasa dan atmosfer dari makanan jadi kurang sedap. Mengingat harganya sudah cukup mahal yaitu 23 ribu se porsi (seharusnya bisa digunakan keuntungan nya untuk renovasi atau perbaikan tempat duduk atau nuansa), karena standarnya bakso serupa di harga 15 - 18 ribu per porsi.

Semoga dengan review ini pemilik bisa lebih memperhatikan kenyamanan konsumen atas kondisi tempat...