I-Finance Journal
Vol 12 No 1 (2026): I-FINANCE: a Research Journal on Islamic Finance

DETERMINANTS OF CONSUMPTION PATTERNS OF SOCIETY IN ISLAMIC ECONOMICS

Sukmawati Wijaya (Universitas Islam Negeri Raden Intan Lampung)
Budimansyah (Universitas Islam Negeri Raden Intan Lampung)
Mia Selvina (Universitas Islam Negeri Raden Intan Lampung)



Article Info

Publish Date
07 Jun 2026

Abstract

This study aims to analyze the empirical impact of the minimum wage, inflation, and basic commodity prices on public consumption patterns in Bandar Lampung City from 2015 to 2024, evaluated through an Islamic Economics framework. A quantitative approach was deployed, using secondary data with 40 time-series observations analyzed via Multiple Linear Regression through EViews 12. The partial t-test results reveal that the minimum wage has a positive and significant effect on consumption patterns. Conversely, inflation and basic commodity prices exhibit no statistically significant partial effect. However, the simultaneous F-test confirms that all three variables collectively exert a significant influence on public consumption. This study concludes that public consumption behavior in Bandar Lampung is highly rational and adaptive. Amid regional economic pressures and lifestyle modernization, the community structurally prioritizes the fulfillment of dharuriyyat (essential) needs over non-essential spending. This behavior aligns with the principles of maslahah and Islamic consumption ethics, where the minimum wage serves as a crucial anchor to maintain life balance and socioeconomic welfare.

Copyrights © 2026






Journal Info

Abbrev

I-Finance

Publisher

Subject

Economics, Econometrics & Finance

Description

I-Finance: a Research Journal on Islamic Finance is a peer-reviewed journal on Islamic ...