摘要：In this paper, we investigate the determinants of food inflation in Indonesia. Usingquarterly data (2008:Q1 to 2017:Q4) and a GMM estimator, we show that backwardlookingand forward-looking expectations have a strong impact on food inflation.Additionally, we show that the determinants of general food price inflation, such asfood production, agriculture sector output, infrastructure, food import, agriculturesector credit, demand level (M1/consumption), and seasonal event (Eid Mubarak), arehighly significant. Backward-looking and forward-looking expectations, domestic oilprice, and level of demand have contributed to high food price while factors relating togeneral food price inflation have reduced food price.
