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All Journal Pendas : Jurnah Ilmiah Pendidikan Dasar
Wahyu Mustiko Sejati
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PENGARUH SUKU BUNGA BANK INDONESIA, JUMLAH UANG BEREDAR (M2), DAN HARGA MINYAK DUNIA TERHADAP INFLASI DI INDONESIA PERIODE 2014-2025 Wahyu Mustiko Sejati; Kiki Asmara
Pendas : Jurnal Ilmiah Pendidikan Dasar Vol. 11 No. 03 (2026): Volume 11 Nomor 03, September 2026 Verified
Publisher : Program Studi Pendidikan Guru Sekolah Dasar FKIP Universitas Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/jp.v11i03.58558

Abstract

This study analyzes the effect of Bank Indonesia's policy interest rate, broad money supply (M2), and world oil price on inflation in Indonesia for the period 2014-2025. Using multiple linear regression with Ordinary Least Squares (OLS) method, the findings reveal that simultaneously, all three variables significantly affect inflation (F = 9.509, sig = 0.005). Partially, the interest rate variable does not significantly affect inflation (sig = 0.920), while money supply (M2) significantly and negatively affects inflation (sig = 0.014), and world oil price significantly and positively affects inflation (sig = 0.004). The model explains 78.1% of the variation in inflation (R² = 0.781). These results suggest that inflation in Indonesia is more dominantly influenced by external factors such as world oil prices and monetary liquidity conditions rather than interest rate policy alone. Keywords: Inflation, Interest Rate, Money Supply (M2), World Oil Price, OLS
Co-Authors Kiki Asmara