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Development of the Bali Province Farmers Exchange Rate Index November 2022

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Release Date	:	December 1, 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 November 2022 was recorded at 96.59, an increase of 0.74 percent compared to the condition in the previous month. The increase in the NTP index was due to an increase in the price index received by farmers (It) of 1.06 percent, which was greater than the increase in the index paid by farmers (Ib) of 0.32 percent.

Nationally, the NTP index was recorded at 107.81, up 0.50 percent compared to the previous month. In November 2022, the Riau Province's NTP Index was recorded to have experienced the highest increase in NTP, amounting to 5.64 percent. In contrast, Gorontalo Province's NTP experienced the deepest decline, by -1.66 percent.

The Bali Province Household Consumption Index (IKRT) in November 2022 was 113.51 or an increase of 0.33 percent compared to the previous month's conditions.

The Bali Province Agriculture Household Business Exchange Rate (NTUP) in November 2022 was 96.78 or an increase of 0.84 percent compared to the previous month's NTUP.

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