The Determination Analysis of Inflation in North Sumatra
- DOI
- 10.2991/aebmr.k.200305.093How to use a DOI?
- Keywords
- inflation, population, regional minimum income, price of rice, economic growth
- Abstract
The differences in inflation rates among several cities in North Sumatra still occur even though local governments have been struggling to control it. There are many conditions and uniqueness in North Sumatra that may bring the unique figure of inflation. This research aims to analyze the factors causing inflation based on four cities, that is Sibolga, Padang Sidempuan, Pematang Siantar, and Medan, as the distribution line for the basic needs in North Sumatra. Variables that will be examined as independent variables are inflation, population, regional minimum wages, economic growth, and rice prices from 2007-2017. Data are taken from various related sources, such as Bank of Indonesia, Central Bureau of Statistics, Departement of National Development and Planning, and Government of Medan City. Data will be investigated the approvement of its classical assumption before analyzed using Panel Data Regression. Results indicate that the population, regional minimum wages, population, and price of rice have a positive effect, while economic growth and regional minimum wages have a negative impact on the inflation rate in North Sumatra.
- Copyright
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Fitrawaty AU - Ainul Mardiyah AU - Indra Maipita PY - 2020 DA - 2020/03/10 TI - The Determination Analysis of Inflation in North Sumatra BT - Proceedings of the 4th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2019) PB - Atlantis Press SP - 375 EP - 383 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200305.093 DO - 10.2991/aebmr.k.200305.093 ID - 2020 ER -