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Development of the Bali Province Farmer Exchange Rate Index May 2024

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Release Date	:	June 3, 2024
File Size	:	7.42 MB

Abstract

The Farmer Exchange Value Index (NTP) is a comparison of the price index received by farmers (It) to the price index paid by farmers (Ib).

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

The Bali Province NTP Index for May 2024 was recorded at 102.07 or down 0.72 percent compared to the previous month's conditions. The decline in the NTP index was caused by a decline in the Price Index Received by Farmers (It) by 0.80 percent, and a decline in the Index Paid by Farmers (Ib) which was recorded at 0.08 percent.

Nationally, the NTP index was recorded at 116.71 or down 0.06 percent compared to the previous month. In May 2024, the West Nusa Tenggara Province NTP Index recorded the highest increase in NTP, amounting to 2.17 percent. In contrast, West Sulawesi Province's NTP recorded the deepest decline, amounting to 3.13 percent.

The Bali Province Household Consumption Index (IKRT) in May 2024 was recorded at 124.91 or a decrease of 0.12 percent compared to the previous month's conditions.

The Agricultural Household Business Exchange Rate (NTUP) for Bali Province in May 2024 was recorded at 107.70 or down 0.80 percent compared to the previous month's NTUP.

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