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Development of Bali Provincial Farmers Exchange Rate Index December 2024

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Release Date	:	February 3, 2025
File Size	:	0.96 MB

Abstract

The Farmer Exchange Rate Index (NTP) is a comparison of the price index that farmers receive (It) to the price index paid by farmers (Ib).

NTP is one indicator to see the level of farmers’ ability / purchasing power in the countryside. NTP also shows the term of trade (terms of trade) of agricultural products with goods and services consumed as well as for production costs.

The Bali Provincial NTP Index in December 2024 was recorded at 101.27 or up 2.17 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) by 2.70 percent, higher than the increase in the Farmers' Paid Index (Ib) which was recorded at 0.52 percent.

Nationally, the NTP index was recorded at 122.78 or up 1.23 percent compared to the previous month. In December 2024, the Central Sulawesi Provincial NTP Index was recorded to experience the highest increase in NTP, by 4.47 percent. In contrast, the NTP of West Papua Province was recorded to have decreased the deepest, by 1.13 percent.

The Bali Provincial Household Consumption Index (IKRT) in December 2024 was recorded at 126.70 or up as high as 0.74 percent compared to the previous month's conditions.

The exchange rate of Agricultural Household Business (NTUP) of Bali Province December 2024 was recorded at 107.63 or up 2.68 percent compared to NTUP the previous month.

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