Analysis of Inflation Rate and Impact on Economic Justice from the Perspective of Islamic Economics

Abstract

Inflation is one of the important macroeconomic indicators that reflects the stability of a country’s economy. This paper comprehensively discusses the concept of inflation, which includes its definition, types of inflation, methods of calculating inflation, and the inflation rate. The discussion is conducted not only from the perspective of conventional economics but is also complemented by the perspective of Islamic economics, which highlights the moral and ethical roots of the occurrence of inflation. In Islam, inflation is often associated with unfair economic practices such as usury (riba), hoarding, and excessive speculation. Therefore, Islamic solutions to inflation emphasize justice, balance between demand and supply, and the use of a financial system based on real assets. Through this integrative approach, it is expected that the understanding of inflation will become more comprehensive and capable of contributing to more just and sustainable economic policies.