PENGARUH JUMLAH UANG BEREDAR DAN NILAI TUKAR RUPIAH (KURS) TERHADAP TINGKAT INFLASI DI INDONESIA PERIODE TAHUN 2017-2024
DOI:
https://doi.org/10.31959/jm.v15i1.3659Abstract
Introduction: This study aims to analyze the influence of the money supply and the rupiah exchange rate on the inflation rate in Indonesia during the 2017-2024 period. This study is motivated by inflation fluctuations influenced by various macroeconomic factors, including monetary policy, money circulation dynamics, and exchange rate changes.
Methods: The research method is quantitative, using multiple linear regression analysis. The data used include the inflation rate, the money supply, and the rupiah exchange rate..
Results: The results of the descriptive analysis show that the money supply and the exchange rate experienced an increasing trend with fluctuations throughout the observation period. Partial tests indicate that the money supply has no significant effect on inflation. Similarly, the rupiah exchange rate also shows no significant effect on the inflation rate. Simultaneous tests conclude that neither variables significantly affect inflation.
Conclusion and suggestion: These findings indicate that inflation in Indonesia is more influenced by other factors such as fiscal policy, domestic demand, and global commodity prices. Therefore, coordination of fiscal and monetary policies is necessary to maintain economic stability.
Keywords: Exchange Rate, Inflation, Money Supply
References
Agnes Monica Sianipar, Albi Sutandi, Enjel Widia Sari Gea, Fitrawaty, & Mutia Annisa. (2024). Analisis Pengaruh Jumlah Uang Beredar dan Nilai Tukar Rupiah Terhadap Tingkat Inflasi Di Indonesia: Analisis Regresi Berganda Periode 2014-2023. EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi, 4(1), 534–542. https://doi.org/10.56799/ekoma.v4i1.5631
Azizah, L., Ismanto, B., & Sitorus, D. S. (2020). Pengaruh Nilai Tukar Rupiah Dan Jumlah Uang Beredar Luas Terhadap Inflasi Di Indonesia Periode 2010 – 2019. Jurnal Ecodinamika, 3(2), 162–162. https://doi.org/10.4324/9781315121154-17
Azizah, N. M., Anggraeni, L., & Irawan, T. (2020). Pengaruh Kinerja Keuangan dan Makroekonomi Terhadap Harga Saham Sektor Industri Konsumsi. Jurnal Ekonomi, 25(2), 304–319. https://doi.org/10.24912/je.v25i2.682
Febryanti, S. (2023). Faktor-Faktor yang Mempengaruhi Inflasi di Indonesia (Studi Pada Masa Pandemi Covid-19). SCIENTIFIC JOURNAL OF REFLECTION: Economic, Accounting, Management and Business, 6(1), 125–132. www.bi.go.id
Ifdaniyah, E., & Syafri. (2024). Analisis Pengaruh Jumlah Uang Beredar, Suku Bunga, Nilai Tukar Rupiah (Kurs), Dan Produk Domestik Bruto (Pdb) Terhadap Inflasi Di Indonesia Tahun 1980-2022. Jurnal Ilmiah Wahana Pendidikan, 10 (14)(14), 467–477.
Kayamo, S. E. (2021). Asymmetric impact of real exchange rate on inflation in Ethiopia: a non-linear ARDL approach. Cogent Economics and Finance, 9(1). https://doi.org/10.1080/23322039.2021.1986931
Kevin, O. M., Abidin, A. Z., Kunci, K., Uang Beredar, J., & Bunga, S. (2023). Analisis Faktor-Faktor Yang Mempengaruhi Tingkat Inflasi Di Indonesia Tahun 2010-2020 Analysis of Factors Affecting the Inflation Rate in Indonesia 2010-2020 Info Artikel Abstrak. Journal of Scientech Research and Development, 5(2), 316–329. https://idm.or.id/JSCR/index.php/JSCR
Maulana, R. A., Sarfiah, S. N., & Prasetyanto, P. K. (2020). Pengaruh Ekspor, Suku Bunga Dan Nilai Tukar Terhadap Inflasi Di Indonesia Effect Of Export, Interest Rate And Exchange Rate Of Inflation In Indonesia. DINAMIC: Directory Journal of Economic, 2(3), 675–684.
Paat, K. E., Kumenaung, A. G., & Mandeij, D. (2024). Analisis Pengaruh Fluktuasi Nilai Tukar Rupiah (Kurs) Per Dollar Amerika Serikat (Usd) Terhadap Tingkat Inflasi Di Indonesia Tahun 2007-2021. Jurnal Berkala Ilmiah Efisiensi, 24(7), 15–27. https://ejournal.unsrat.ac.id/v3/index.php/jbie/article/view/58452
Rahardjo, K. A. (2024). Pengaruh Suku Bunga, Jumlah Uang Beredar Dan Nilai Tukar Rupiah Terhadap Tingkat Inflasi Tahun 2018-2022. Economics and Digital Business Review, 5(1), 345–354.
Riyanti, Y. E., & Syafri. (2022). PENGARUH JUMLAH UANG BEREDAR, SUKU BUNGA DAN NILAI TUKAR RUPIAH TERHADAP TINGKAT INFLASI DI INDONESIA. Syntax Literate: Jurnal Ilmiah Indonesia, 7(7), 9749–9763.
Salim, A., & Fadilla. (2021). Pengaruh Inflasi Terhadap Pertumbuhan Ekonomi Indonesia Anggun Purnamasari. Ekonomica Sharia: Jurnal Pemikiran Dan Pengembangan Ekonomi Syariah, 7(1), 17–28. www.bps.go.id,
Senen, A. S., Kumaat, R. J., & Mandeij, D. (2020). Analisis Pengaruh Nilai Tukar Rupiah, Suku Bunga Acuan Bank Indonesia Dan Cadangan Devisa Terhadap Inflasi Di Indonesia Periode 2008:Q1-2018:Q4. Jurnal Berkala Ilmiah Efisiensi, 20(1), 12–22.
Tanca, I., Arif, B., Wati, S., Gunanto, M., & Ardiansyah, A. (2024). Analisis Faktor Yang Mempengaruhi Inflasi Di Provinsi Lampung Pada Tahun 2021-2023 Analysis of Factors Affecting Inflation in Lampung Province in 2021-2023. Jicn, 1(November), 8654–8662. https://jicnusantara.com/index.php/jicn/article/view/1521%0Ahttps://jicnusantara.com/index.php/jicn/article/download/1521/2352
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Eva Amalia Nuralifah, Irvan Yoga Pardistya, Liya Megawati
This work is licensed under a Creative Commons Attribution 4.0 International License.
