The Contrarian: Finance, Accounting, and Business Research
Vol. 2 No. 2 (2023)

The impact of inflation on growth of market index

Fenilisia Kanan (Sam Ratulangi University)
Jumnibianti Nahading (Sam Ratulangi University)



Article Info

Publish Date
20 Jun 2023

Abstract

Inflation in Indonesia tends to fluctuate and has its lowest point in April 2023. This study aims to examine the relationship between inflation and market indexes in Indonesia. The sample for this study is the market index (or IHSG) for the period from January to April 2023. This study finds that inflation has a unidirectional relationship with the movement of the market index in Indonesia. In addition, this study finds that the growth of the market index throughout the observation period is 0.012%. The results of this study indicate that there is a stable condition in the capital market as the controlled inflation rates.

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Journal Info

Abbrev

cfabr

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

The Contrarian: Finance, Accounting, and Business Research (CFABR) is a double peer-reviewed journal published by the Yayasan Widyantara Nawasena Raharja. The Contrarian: Finance, Accounting, and Business Research (CFABR) will publish the articles bi-annually. The article submitted to The ...