Development of the Bali Province Farmers Exchange Rate Index September 2022

Release Date	:	October 3, 2022
File Size	:	5.52 MB

Abstract

The Farmer's Terms of Trade Index (NTP) is a comparison of the price index received by farmers (It) to the price index paid by farmers (Ib).

NTP is one indicator to see the level of ability/purchasing power of farmers in rural areas. NTP also shows the exchange power (terms of trade) of agricultural products with goods and services consumed as well as for production costs.

The Bali Province NTP index for September 2022 was recorded at 96.40, up 0.02 percent compared to the previous month's conditions. The increase in the NTP index was due to the price index received by farmers (It), which increased by 0.74 percent, higher than the index paid by farmers (Ib), which increased by 0.72 percent.

Nationally, the NTP index was recorded at 106.82, up 0.49 percent compared to the previous month. In September 2022, the West Sulawesi Province's NTP Index was recorded to have experienced the highest increase, amounting to 6.20 percent. In contrast, the South Sumatra Province's NTP experienced the deepest decline, amounting to -6.24 percent.

The Bali Province Household Consumption Index (IKRT) in September 2022 was 113.28 or an increase of 0.62 percent compared to the previous month's conditions.

The Bali Province Agriculture Household Business Exchange Rate (NTUP) for September 2022 was 96.74 or decreased by -0.24 percent compared to the previous month's NTUP.

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