Is this sentence wrong?

July 3, 2013 1:53am CST
"it's a measure of the pain fuel subsidies are causing South-East Asia's largest economy that the president, Susilo Bambang Yudhoyono, and legislators have agreed to stiff price rises less than a year before an election" I don't quite understand the grammars here. Can somebody help to explain the structure and grammars and rewrite it in another sentence? many thanks.
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