Development of the Bali Province Farmer Exchange Rate Index August 2024

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Release Date	:	September 2, 2024
File Size	:	5.56 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 August 2024 was recorded at 98.30 or down 1.15 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) of 1.25 percent, deeper than the decline in the Index Paid by Farmers (Ib) which was recorded at 0.10 percent.

Nationally, the NTP index was recorded at 119.85 or an increase of 0.20 percent compared to the previous month. In August 2024, the Gorontalo Province NTP Index was recorded as experiencing the highest increase in NTP, amounting to 2.60 percent. In contrast, North Sulawesi Province's NTP recorded the deepest decline, amounting to 2.25 percent.

The Bali Province Household Consumption Index (IKRT) in August 2024 was recorded at 123.28 or a decrease of 0.17 percent compared to the previous month's conditions.

The Agricultural Household Business Exchange Rate (NTUP) for Bali Province in August 2024 was recorded at 102.53 or down 1.30 percent compared to the previous month's NTUP.

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