AN ANALYSIS OF THE CORRELATION BETWEEN INFLATION RATE AND EXPORT VALUE OF EACH PRODUCT FROM PT. KALBE FARMA, TBK.

Abstract

This thesis paper is about an analysis of the correlation between Inflation rate and Export Value. Indonesia economic growth especially its export growth is determine by world economic and political condition. Within 2009, there is second economic crisis since 1997. In economist point of view, that crisis will bring certain affect to international trading activity in each country. Especially in products which categorized as price sensitive products. Kalbe Farma Tbk, is previously known as Pharmaceutical company which already spread its wings into the FMCG industry. Since 2005, Kalbe Farma Tbk already became market leader is ASEAN and Afrikc for its product. Their export number increased from year to year. Therefore Kalbe Farma Tbk. is fit to be research sample for this theme. Kalbe Farma has four different product categories. It is spread from Pharmaceutical product, Health Product, Nutritional Product, and Packaging Product. The last product is supporting product for the previous there product. All of these products are already exported in ASEAN and Africa as mentioned before. During 2009 inflation rate fluctuation, Kalbe Farma Tbk Export Value also fluctuated. This research aims is to measure impact of inflation rate for Kalbe Farma Tbk. export value within 2007-2009. More specifically is to measure correlation between export value of each product and inflation rate.