Syari'ah Economics
Vol 7 No 1 (2023): Islamic Economic Studies

How the Money Supply and the Rupiah Exchange Rate Influenced Indonesia's Inflation Rate from 2017 to 2022 ?

Roshifa, Ade (Unknown)
Ramdani, Eggy Armand (Unknown)
Fani, Andifa Dwi (Unknown)
Nurani, Rani (Unknown)



Article Info

Publish Date
31 Jul 2024

Abstract

The study aims to determine the effect of money supply on inflation, to determine the effect of rupiah exchange rate on inflation, and to determine the effect of the two variables on inflation in the period 2017-2022. This research is quantitative with inferential statistical methods and uses secondary data collected through literature studies. Data analysis includes Classical Assumption Test, Multiple Linear Regression Analysis, Hypothesis Test, and Determination Coefficient Test (R²). The results show that money supply does not have a significant effect on inflation (probability value 0.2839 > 0.05). In contrast, the rupiah exchange rate has a significant effect on inflation (probability value 0.0160 < 0.05). Simultaneously, these two variables have a significant influence of 8.96% on inflation.

Copyrights © 2023






Journal Info

Abbrev

SE

Publisher

Subject

Economics, Econometrics & Finance

Description

Syariah Economics (e-ISSN 2807-8942) is a scientific journal published by the Faculty of Islamic Economics and Business, Institut Agama Islam Darussalam (IAID) Ciamis, West Java, INDONESIA. Journal of Syariah Economics is an online journal to disseminate field research and conceptual ideas in the ...