Journal of International Conference Proceedings
Vol 5, No 2 (2022): BEFIC Conference Proceeding

Inflation Volatility and COVID-19 In Indonesian: ARIMA Method

Nugroho Suryo Bintoro (Universitas Brawijaya)
Kartika Sari (Universitas Brawijaya)



Article Info

Publish Date
01 Aug 2022

Abstract

Inflation is one of the most widely tested economic variables both theoretically and empirically. Stable inflation is a sign that sustainable economic growth provides benefits for improving people's welfare. This study aims to analyze the impact of Covid-19 on volatility inflation in Indonesian. The method used in this study is the ARIMA model. The results of this study are the ARMA (1.1.0) model suitable for testing inflation volatility in Indonesia. Forecasting results show that inflation over the next 5 months or until December 2022 tends to decrease. From the prediction results, the policy that can be applied to business sector actors is to carry out operational (marketing) activities carried out with an online system. The next policy that can be applied to companies is tax relaxation and easy access to credit to banks. Finally, the policies that can be applied due to the decline in commodity prices in the food and beverage and tobacco sectors are capital assistance and production equipment assistance for business actors.Keywords: Volatility, Inflation, ARIMA, COVID19, Forecasting

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Journal Info

Abbrev

JICP

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Electrical & Electronics Engineering Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media

Description

JICP is proceedings series that aims to publish proceedings from conferences, in the fields of economics, business, and management research. All proceedings in this website are open access, which means the published articles are permanently free to read, download, copy, and distribute. The online ...