Farmers' Exchange Rate of Sumatera Utara Province in June 2022 is 117.31 - BPS-Statistics Indonesia Dairi Regency

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Farmers' Exchange Rate of Sumatera Utara Province in June 2022 is 117.31

Farmers' Exchange Rate of Sumatera Utara Province in June 2022 is 117.31Download Official Statistics News
Release Date : July 18, 2022
File Size : 1.93 MB

Abstract

  • Farmer's Exchange Rate (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 of agricultural products with goods and services consumed as well as for production costs.
  • In June 2022, the NTP of Sumatera Utara Province (2018=100) was recorded at 117.31 or an increase of 0.78 percent compared to the NTP in May 2022, which was 116.40.
  • The increase in NTP in June 2022 was caused by an increase in the FTT in the Horticulture sub-sector by 8.88 percent and the NTP for People's Plantation Plants by 1.36 percent. Meanwhile, the FTT of the other three sub-sectors decreased, namely the FTT of the Food Crops sub-sector by 1.44 percent, the FTT of the Livestock sub-sector by 2.41 percent, and the FTT of the Fisheries sub-sector by 0.24 percent.
  • Changes in the Household Consumption Index (IKRT) reflect the rate of rural inflation/deflation. In June 2022, rural inflation in Sumatera Utara was 1.96 percent.
  • The Agricultural Household Business Exchange Rate (NTUP) of Sumatera Utara Province in June 2022 was 116.77, an increase of 1.76 percent compared to the previous month's NTUP.
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