Development of Farmer Exchange Rates in Bali Province November 2019

In November 2019, the Provincial Farmers Exchange Rate Index (NTP) of Bali Province rose as high as 0.67 percent, from 103.66 in October 2019, to 104.35. In terms of the index received by farmers (It) recorded an increase of 0.97 percent while the index paid by farmers (Ib) recorded an increase lower, namely 0.30 percent.

The increase in the NTP index in November 2019 was largely due to the rise in the composition of the NTP subsector, including the horticulture subsector index which rose 1.98 percent, food crops 0.47 percent, livestock 0.25 percent and smallholder estate crops 0.10 percent. Meanwhile, the fisheries sub-sector became the only subsector that declined, namely down as deep as -0.36 percent.

In calculating the rural consumer price index (inflation), in November 2019, the Province of Bali recorded inflation as high as 0.38 percent, in line with the movement of rural inflation nationally, which is 0.29 percent.

From 33 provinces observing the calculation of the household consumption index of farmers (rural) in November 2019, there were 24 provinces experiencing inflation and 9 provinces recorded experiencing deflation. The highest inflation was recorded in North Sulawesi Province (1.12 percent) and the lowest in West Java (0.04 percent). Meanwhile, the deepest deflation was recorded in Maluku Province (-0.48 percent) and the shallowest in Nanggroe Aceh Darusalam Province (-0.02 percent).