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Development of the Bali Province Farmer's Exchange Rate Index May 2022

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Release Date	:	June 2, 2022
File Size	:	6.6 MB

Abstract

Farmer's Exchange Rate Index (NTP) is the ratio of the price index received by farmers (It) to the index of price 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 terms of trade (terms of trade) of agricultural products with goods and services consumed as well as for production costs.

The Bali Province NTP Index in May 2022 was 93.85, up 0.17 percent compared to the previous month. The increase in the NTP index was due to the Price Received by Farmers Index (It) rising as high as 0.11 percent, while the Farmer Paid Index (Ib) fell 0.07 percent.

Nationally, the NTP index was recorded at 105.41 or down 2.81 percent compared to the previous month. In May 2022, the Riau Province's NTP Index experienced the deepest decline, which was 14.57 percent. On the other hand, the NTP of Central Kalimantan Province recorded the highest increase, at 1.02 percent.

Judging from the Household Consumption Index (IKRT) of Bali Province, in May 2022 there was a decrease of 0.15 percent.

The Agricultural Household Business Exchange Rate (NTUP) of Bali Province in May 2022 was 93.81, down 0.01 percent compared to the previous month's NTUP.

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