The Role Of Inflation On Economic Stability In An Islamic Economic Perspective
DOI:
https://doi.org/10.55062/al-hijrah.v2i2.659Keywords:
Stabilitas Ekonomi;, Inflasi;, Daya Beli;, Ekonomi IslamAbstract
This research aims to understand Indonesia's current inflation rate, its impact on purchasing power and economic stability, and the Islamic perspective on inflation and potential policy solutions. This research uses a qualitative approach with a type of literature study by reviewing books, literature, records, and reports related to the problem to be solved. The study found that Indonesia's inflation rate has fluctuated over the past four years, and has recently shown a downward trend due to falling prices in certain sectors. The predicted inflation rate at the end of 2024 is 2.4%. Inflation can directly affect purchasing power, with rising inflation eroding people's ability to purchase goods and services. This, in turn, impacts economic stability. Islamically, stabilizing the prices of basic necessities and equitable distribution of wealth are key to controlling inflation and maintaining economic stability. For Indonesia, the government should continue to implement policies to manage factors that affect inflation, such as demand, production costs, money supply, energy prices, and taxes.
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References
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M. Ridho Mahaputra, & Saputra, F. (2022). Determination of Public Purchasing Power and Brand Image of Cooking Oil Scarcity and Price Increases of Essential Commodities. International Journal of Advanced Multidisciplinary, 1(1), 36–46. https://doi.org/10.38035/ijam.v1i1.9
Maliha, H., & Slamet Rusydiana, A. (2022). Al-Maqrizi Views on Economic Inflation. Islamic Economics and History, 1(1). https://doi.org/10.58968/ieh.v1i1.189
Maulidizen, A. (2019). Ibn Khaldun’s Economic Thought; The Fair Tax And Its Relevance To The Modern Economy. International Journal of Islamic Business and Economics (IJIBEC), 3(2), 73–89. https://doi.org/10.28918/ijibec.v3i2.1661
Moridu, I., Munandar, A., Wurarah, R. M., Lotte, L. N. A., & Aziz, R. M. (2022). Analysis of Inflation, Purchasing Power, and Economic Growth during a Pandemic. Journal of Innovation Research and Knowledge, 2(6), 2489–2496.
Na’ima, A., Imam Mukhlis, & Sugeng Hadi Utomo. (2022). Kebijakan Pemerintah Indonesia Bagi Stabilitas Perekonomian Pada Saat Covid-19. Transformasi: Journal of Economics and Business Management, 1(4), 23–33. https://doi.org/10.56444/transformasi.v1i4.237
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Nila Atikah, Akhmad Syafi’i, Upit Elya Rohimi, & Prieska Rani. (2023). Islamic Economic Position as a Breakfast to Reducing Inflation. Jurnal Multidisiplin Madani, 3(1), 48–54. https://doi.org/10.55927/mudima.v3i1.2423
Olugbenga Adaramola, A., & Dada, O. (2020). Impact of inflation on economic growth: evidence from Nigeria. Investment Management and Financial Innovations, 17(2), 1–13. https://doi.org/10.21511/imfi.17(2).2020.01
Pamungkas, D. W., & Susilowati, D. (2023). Pengaruh Current Ratio, Debt To Equity Ratio, Net Profit Margin Dan Inflasi Terhadap Harga Saham Pada Perusahaan Properti Dan Real Estate Yang Terdaftar Di Bursa Efek Indonesia. Journal of Financial Economics & Investment, 3(2), 79–90. https://doi.org/10.22219/jofei.v3i2.24706
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Saputro, G. E., & Meirinaldi, M. (2021). Pengaruh Stabilitas Makro Ekonomi, Stabilitas Keamanan Dan Pertumbuhan Industri Strategis Terhadap Pertumbuhan Ekonomi. Jurnal Ekonomi, 23(1), 1. https://doi.org/10.37721/je.v23i1.757
Sekarsari, D., Az Zahra, F. A., Ayuningtyas, F. R., & Fadilla, A. (2024). Analisis Dinamika Inflasi dan Implikasinya terhadap Stabilitas Ekonomi di Indonesia. Journal of Macroeconomics and Social Development, 1(3), 1–9. https://doi.org/10.47134/jmsd.v1i3.194
Siregar, R. A., & Abdul Majid, M. S. (2022). Macro?: Inflation And Economic Stability In Islam. International Journal of Science, Technology & Management, 3(5), 1426–1430. https://doi.org/10.46729/ijstm.v3i5.592
Sopiah, A. (2023). BPS: Laju Inflasi RI Sepanjang 2022 Finish di 5,51%. cnbcindonesia.com. https://www.cnbcindonesia.com/news/20230102100626-4-401980/bps-laju-inflasi-ri-sepanjang-2022-finish-di-551#:~:text=BPS: Laju Inflasi RI Sepanjang 2022 Finish di 5%2C51%25
Sudarsono, & Edilius. (2001). Kamus Ekonomi Uang dan Bank. Rineka Cipta.
Sukirno, S. (2004). Makroekonomi Teori Pengantar. Rajagrafindo Persada.
Wartoyo, Lutfiyanti, & Ainun, A. S. (2024). Analysis of Monetary Strategies and Policies to Manage the Inflation and Public Purchasing Power in Indonesia In generals every economy in a country always want to realize.
JESKaPe: Jurnal Ekonomi Islam Akuntansi Dan Perbankan, 8(1), 1–23. https://doi.org/https://doi.org/10.52490/jeskape.v8i1.2526
Widya, F. A., Maula, F. L., & Asiyah, B. N. (2023). Inflation and Its Contribution to Economic Stability in Indonesia; The Islamic Economic Perspective. Al-Muhasib: Journal of Islamic Accounting and Finance, 3(2), 36–50. https://doi.org/10.30762/almuhasib.v3i2.1101
Yulianti, R., & Khairuna, K. (2019). Pengaruh Inflasi Terhadap Pertumbuhan Ekonomi Provinsi Aceh Periode 2015- 2018 Dalam Prespektif Ekonomi Islam. Jurnal Akuntansi Muhammadiyah, 9(2). https://doi.org/10.37598/jam.v9i2.682
Adhitya. (2024). Prediksi Inflasi Indonesia Akhir 2024: Capai 2,2%. indopremier.com. https://www.indopremier.com/ipotnews/newsDetail.php?
Ahmad Fairuzie, Siagian, A., & Yosi Stefhani. (2021). Analisis Pengaruh Earning Per Share, Harga Emas Dunia, Inflasi Terhadap Harga Saham Perusahaan Sektor Pertambangan Di Bursa Efek Indonesia Pada Masa Pandemi Covid-19. Jurnal Satya Mandiri Manajemen dan Bisnis, 7(2), 1–12. https://doi.org/10.54964/satyamandiri.v7i2.352
Ali, A. K., & Asfaw, D. M. (2023). Nexus between inflation, income inequality, and economic growth in Ethiopia. PLOS ONE, 18(11), e0294454. https://doi.org/10.1371/journal.pone.0294454
Alwa, M. A. A., & Wahyudi, A. (2022). Inflation In Indonesia: Ibn Khaldun And Al-Maqrizi Word View. Invest Journal of Sharia & Economic Law, 2(2), 169–179. https://doi.org/10.21154/invest.v2i2.5099
Anggadini, S. D., Afif Syarifudin Yahya, Saepudin, A., Surtikanti, S., Sari Damayanti, & Eley Suzana Kasim. (2023). Quality of Indonesia government financial statements. Journal of Eastern European and Central Asian Research (JEECAR), 10(1), 93–103. https://doi.org/10.15549/jeecar.v10i1.1054
Anggara, W., Shawab, N., Abd. Majid, M. S., & Harahap, I. (2023). Economic Stability in Islamic View?: Approach to Controlling Inflation. International Journal of Science, Technology & Management, 4(5), 1366–1372. https://doi.org/10.46729/ijstm.v4i5.914
Badan Fiskal Kementerian Keuangan RI. (2023). Kinerja Manufaktur dan Inflasi Desember 2022 Masih Tunjukkan Penguatan di Tengah Tren Perlambatan Global. fiskal.kemenkeu.go.id. https://fiskal.kemenkeu.go.id/publikasi/siaran-pers-detil/456#:~:text=Peningkatan tarif angkutan udara dan,kemudian mereda di akhir tahun.&text=“Sebagai dukungan dalam pengendalian inflasi,inflasi daerah”%2C tambah Febrio.
Badan Pusat Statistik. (2024). Inflasi year-on-year (y-on-y) pada Desember 2023 sebesar 2,61 persen. bps.go.id. https://www.bps.go.id/id/pressrelease/2024/01/02/2299/inflasi-year-on-year--y-on-y--pada-desember-2023-sebesar-2-61-persen--inflasi-tertinggi-terjadi-di-sumenep-sebesar-5-08-persen-.html
Bank Indonesia. (2024). Inflasi. bi.go.id. https://www.bi.go.id/id/fungsi-utama/moneter/inflasi/Default.aspx
Chapra, M. U. (1985). Towards a Just Monetary System. International Institute of Islamic Thought (IIIT).
Chen, Y. (2022). The Review and Analysis of Inflation and its Effects: Will Current High Inflation Lead to an Economic Crisis? Journal of Business & Economic Policy, 9(2), 21. https://doi.org/10.30845/jbep.v9n2p1
Cresswell, J. W. (2019). Research Design: Qualitative, Quantitative, and Mixed Methods Approaches. SAGE.
Firmansyah, H. (2021). Policy Model for Muslim State Inflation Control. International Journal of Nusantara Islam, 9(1), 93–105. https://doi.org/10.15575/ijni.v9i1.11984.
Halim, H., Astuty, P., & Hubeis, M. (2022). Effect of inflation, consumption credit on purchase power of the community. International research journal of management, IT and social sciences, 9(2), 226–234. https://doi.org/10.21744/irjmis.v9n2.2049
Hamdani, M. (2022). The Effect of Selling Prices and Discounts on Purchasing Power and Customer Loyalty (Marketing Management Review Literature). Dinasti International Journal of Digital Business Management, 4(1), 114–123.
Harahap, I., Sugara, W., Salsabila, P., & Nasution, A. R. (2024). Pengaruh Covid-19 pada Stabilitas Ekonomi Politik Internasional. JLEB: Journal of Law, Education and Business, 2(1), 165–173. https://doi.org/10.57235/jleb.v2i1.1550
Intan, G. (2024). BPS: Pertumbuhan Ekonomi Kuartal II Turun Jadi 5,05 Persen. voaindonesia.com. https://www.voaindonesia.com/a/bps-pertumbuhan-ekonomi-kuartal-ii-turun-jadi-5-05-persen/7730301.html
Karim, A. A. (2007). Ekonomi Makro Islam. PT Raja Grafindo Persada.
Kementerian Keuangan RI. (2024). Jaga Pertumbuhan Ekonomi 2024, Menkeu: Pemerintah akan Perhatikan Konsumsi, Investasi, Ekspor, Impor. kemenkeu.go.id. https://www.kemenkeu.go.id/informasi-publik/publikasi/berita-utama/Jaga-Pertumbuhan-Ekonomi-2024
Kementerian Koordinator Bidang Perekonomian RI. (2024). Inflasi Indonesia 2023 Terkendali, Kembali pada Rentang Sasaran dan Terendah dalam Dua Dekade. ekon.go.id. https://ekon.go.id/publikasi/detail/5578/inflasi-indonesia-2023-terkendali-kembali-pada-rentang-sasaran-dan-terendah-dalam-dua-dekade
Limanseto, H. (2024). Pemerintah Optimis Indonesia Tumbuh Solid di 2024 dan Lebih Baik Lagi di 2025. ekon.go.id. https://www.ekon.go.id/publikasi/detail/5653/pemerintah-optimis-indonesia-tumbuh-solid-di-2024-dan-lebih-baik-lagi-di-2025
LPEM FEB UI. (2024). Inflasi Bulanan, September 2024. lpem.org.id. https://lpem.org/inflasi-bulanan-september-2024-seri-analisis-makroekonomi/#:~:text=Brief%2C Inflation%2C Publication,sebesar -0%2C16%25.
M. Ridho Mahaputra, & Saputra, F. (2022). Determination of Public Purchasing Power and Brand Image of Cooking Oil Scarcity and Price Increases of Essential Commodities. International Journal of Advanced Multidisciplinary, 1(1), 36–46. https://doi.org/10.38035/ijam.v1i1.9
Maliha, H., & Slamet Rusydiana, A. (2022). Al-Maqrizi Views on Economic Inflation. Islamic Economics and History, 1(1). https://doi.org/10.58968/ieh.v1i1.189
Maulidizen, A. (2019). Ibn Khaldun’s Economic Thought; The Fair Tax And Its Relevance To The Modern Economy. International Journal of Islamic Business and Economics (IJIBEC), 3(2), 73–89. https://doi.org/10.28918/ijibec.v3i2.1661
Moridu, I., Munandar, A., Wurarah, R. M., Lotte, L. N. A., & Aziz, R. M. (2022). Analysis of Inflation, Purchasing Power, and Economic Growth during a Pandemic. Journal of Innovation Research and Knowledge, 2(6), 2489–2496.
Na’ima, A., Imam Mukhlis, & Sugeng Hadi Utomo. (2022). Kebijakan Pemerintah Indonesia Bagi Stabilitas Perekonomian Pada Saat Covid-19. Transformasi: Journal of Economics and Business Management, 1(4), 23–33. https://doi.org/10.56444/transformasi.v1i4.237
Nazir, M. (2005). Metode Penelitian. Ghalia Indonesia.
Nila Atikah, Akhmad Syafi’i, Upit Elya Rohimi, & Prieska Rani. (2023). Islamic Economic Position as a Breakfast to Reducing Inflation. Jurnal Multidisiplin Madani, 3(1), 48–54. https://doi.org/10.55927/mudima.v3i1.2423
Olugbenga Adaramola, A., & Dada, O. (2020). Impact of inflation on economic growth: evidence from Nigeria. Investment Management and Financial Innovations, 17(2), 1–13. https://doi.org/10.21511/imfi.17(2).2020.01
Pamungkas, D. W., & Susilowati, D. (2023). Pengaruh Current Ratio, Debt To Equity Ratio, Net Profit Margin Dan Inflasi Terhadap Harga Saham Pada Perusahaan Properti Dan Real Estate Yang Terdaftar Di Bursa Efek Indonesia. Journal of Financial Economics & Investment, 3(2), 79–90. https://doi.org/10.22219/jofei.v3i2.24706
Rizani, A., Norrahman, R. A., Harsono, I., Yahya, A. S., & Syifa, D. M. (2023). Efek Inflasi terhadap Daya Beli Masyarakat pada Tinjauan Ekonomi Makro. Journal Of International Multidisciplinary Research, 1(2), 344–358. https://journal.banjaresepacific.com/index.php/jimr
Saputro, G. E., & Meirinaldi, M. (2021). Pengaruh Stabilitas Makro Ekonomi, Stabilitas Keamanan Dan Pertumbuhan Industri Strategis Terhadap Pertumbuhan Ekonomi. Jurnal Ekonomi, 23(1), 1. https://doi.org/10.37721/je.v23i1.757
Sekarsari, D., Az Zahra, F. A., Ayuningtyas, F. R., & Fadilla, A. (2024). Analisis Dinamika Inflasi dan Implikasinya terhadap Stabilitas Ekonomi di Indonesia. Journal of Macroeconomics and Social Development, 1(3), 1–9. https://doi.org/10.47134/jmsd.v1i3.194
Siregar, R. A., & Abdul Majid, M. S. (2022). Macro?: Inflation And Economic Stability In Islam. International Journal of Science, Technology & Management, 3(5), 1426–1430. https://doi.org/10.46729/ijstm.v3i5.592
Sopiah, A. (2023). BPS: Laju Inflasi RI Sepanjang 2022 Finish di 5,51%. cnbcindonesia.com. https://www.cnbcindonesia.com/news/20230102100626-4-401980/bps-laju-inflasi-ri-sepanjang-2022-finish-di-551#:~:text=BPS: Laju Inflasi RI Sepanjang 2022 Finish di 5%2C51%25
Sudarsono, & Edilius. (2001). Kamus Ekonomi Uang dan Bank. Rineka Cipta.
Sukirno, S. (2004). Makroekonomi Teori Pengantar. Rajagrafindo Persada.
Wartoyo, Lutfiyanti, & Ainun, A. S. (2024). Analysis of Monetary Strategies and Policies to Manage the Inflation and Public Purchasing Power in Indonesia In generals every economy in a country always want to realize.
JESKaPe: Jurnal Ekonomi Islam Akuntansi Dan Perbankan, 8(1), 1–23. https://doi.org/https://doi.org/10.52490/jeskape.v8i1.2526
Widya, F. A., Maula, F. L., & Asiyah, B. N. (2023). Inflation and Its Contribution to Economic Stability in Indonesia; The Islamic Economic Perspective. Al-Muhasib: Journal of Islamic Accounting and Finance, 3(2), 36–50. https://doi.org/10.30762/almuhasib.v3i2.1101
Yulianti, R., & Khairuna, K. (2019). Pengaruh Inflasi Terhadap Pertumbuhan Ekonomi Provinsi Aceh Periode 2015- 2018 Dalam Prespektif Ekonomi Islam. Jurnal Akuntansi Muhammadiyah, 9(2). https://doi.org/10.37598/jam.v9i2.682
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2024-12-30
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