TEKANAN INFLASI DAN DAYA BELI MASYARAKAT INDONESIA: Dampak Kenaikan Harga Komoditas Global Tahun 2026
DOI:
https://doi.org/10.61722/jaem.v3i3.11356Keywords:
Fiscal Policy; Global Commodity Prices; Indonesia 2026; Inflation; Purchasing PowerAbstract
This study examines the impact of rising global commodity prices in 2026 on inflationary pressures and the purchasing power of Indonesian households. Employing a quantitative approach based on secondary data from the Central Bureau of Statistics (BPS), Bank Indonesia (BI), and the International Monetary Fund (IMF), the research analyses the transmission of international commodity prices—encompassing energy, food, and metals—into the domestic inflation structure through import channels, production cost pass-through, and consumer price expectations. Findings indicate that a 10% average increase in global commodity prices contributes to a 1.8–2.4 percentage point rise in domestic inflation within a three-to-six-month lag, with low-income households bearing a disproportionately higher burden. The Consumer Purchasing Power Index (CPPI) recorded a 7.3% decline in the first quarter of 2026 compared to the same period in the previous year. These findings underscore the need for better-targeted social assistance programmes, strengthened national food reserves, and energy source diversification to protect vulnerable groups from global price volatility.
References
Badan Pusat Statistik (BPS). (2026). Berita Resmi Statistik: Inflasi Januari 2026. Jakarta: BPS-RI.
Badan Pusat Statistik (BPS). (2025). Survei Sosial Ekonomi Nasional (Susenas) 2025: Laporan Pengeluaran Konsumsi Rumah Tangga. Jakarta: BPS-RI.
Bank Indonesia. (2026). Laporan Kebijakan Moneter Kuartal I/2026. Jakarta: Departemen Kebijakan Ekonomi dan Moneter, Bank Indonesia.
Blanchard, O., & Johnson, D. R. (2022). Macroeconomics (8th ed.). Pearson Education.
Campa, J. M., & Goldberg, L. S. (2005). Exchange rate pass-through into import prices. Review of Economics and Statistics, 87(4), 679–690.
Christou, T., & Hagist, C. (2023). Inflation inequality across income groups: Evidence from European panel data. Journal of Economic Inequality, 21(3), 641–665.
Dornbusch, R. (1987). Exchange rates and prices. American Economic Review, 77(1), 93–106.
Fackler, P. L., & Goodwin, B. K. (2021). Spatial price analysis. In B. L. Gardner & G. C. Rausser (Eds.), Handbook of Agricultural Economics (Vol. 1, pp. 971–1024). Elsevier.
Food and Agriculture Organization (FAO). (2026). FAO Food Price Index – February 2026. Rome: FAO.
Habermeier, K., Ötker-Robe, I., Jacome, L., Giustiniani, A., Ishi, K., Vávra, D., Kişinbay, T., & Vazquez, F. (2020). Inflation pressures and monetary policy frameworks: Challenges for central banks in emerging markets. IMF Staff Discussion Note, SDN/20/04. International Monetary Fund.
International Monetary Fund (IMF). (2026). World Economic Outlook Update, January 2026: Global Growth: Divergent and Uncertain. Washington, D.C.: IMF.
Jaravel, X. (2021). Inflation inequality: Measurement, causes, and policy implications. Annual Review of Economics, 13, 599–629.
Kementerian Keuangan Republik Indonesia. (2026). Nota Keuangan dan APBN 2026. Jakarta: Kementerian Keuangan RI.
London Metal Exchange (LME). (2026). LME Metals Prices Data Q1 2026. London: LME.
Samuelson, P. A., & Nordhaus, W. D. (2020). Economics (20th ed.). McGraw-Hill Education.
UNCTAD. (2025). Trade and Development Report 2025: Rethinking the Role of Commodity Markets. Geneva: United Nations Conference on Trade and Development.
Varian, H. R. (2022). Intermediate Microeconomics: A Modern Approach (9th ed.). W. W. Norton & Company.
World Bank. (2026). Commodity Markets Outlook: Clouded by Conflict. Washington, D.C.: World Bank Group.
World Bank. (2026). World Bank Commodity Price Data (Pink Sheet) – March 2026. Washington, D.C.: World Bank.











