Development of the Bali Province Farmers Exchange Rate Index for August 2023

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Release Date	:	September 1, 2023
File Size	:	5.57 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 exchangeability (terms of trade) of agricultural products for goods and services consumed and for production costs.

The Bali Province NTP index for August 2023 was recorded at 99.04, up 0.39 percent compared to the previous month's conditions. The increase in the NTP index was caused by an increase in the Price Index Received by Farmers (It) as high as 0.48 percent, greater than the increase in the Index Paid by Farmers (Ib) which was recorded as high as 0.08 percent.

Nationally, the NTP index was recorded at 111.85 or an increase of 1.09 percent compared to the previous month. In August 2023, the West Sulawesi Province NTP Index recorded the highest increase in NTP, amounting to 2.47 percent. In contrast, South Sumatra Province's NTP recorded the deepest decline, amounting to -1.32 percent.

The Bali Province Household Consumption Index (IKRT) in August 2023 was recorded at 117.74 or a decrease of 0.01 percent compared to the previous month's conditions.
The Agricultural Household Business Exchange Rate (NTUP) for Bali Province in August 2023 was recorded at 100.69 or an increase of 0.26 percent compared to the previous month's NTUP.

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