Farmers Exchange Rate of Sumatera Utara Province for November 2022 is 124,37 - BPS-Statistics Indonesia Dairi Regency

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Farmers Exchange Rate of Sumatera Utara Province for November 2022 is 124,37

Farmers Exchange Rate of Sumatera Utara Province for November 2022 is 124,37Download Official Statistics News
Release Date : January 25, 2023
File Size : 0.63 MB

Abstract

  • Farmers Terms of Trade (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.
  • In November 2022, the Sumatera Utara Province's NTP (2018=100) was recorded at 124.37, up 2.68 percent compared to October 2022's NTP, which was 121.12.
  • The increase in November 2022 NTP was caused by an increase in the NTP in the People's Plantation Plant sub-sector by 5.29 percent. Meanwhile, the NTP of four other sub-sectors experienced a decline, namely the NTP of the Food Crops sub-sector by 0.40 percent, the NTP of the Horticulture sub-sector by 2.84 percent, the NTP of the Livestock sub-sector by 0.04 percent, and the NTP of the Fisheries sub-sector by 0.15 percent.
  • Changes in the Household Consumption Index (IKRT) reflect rural inflation/deflation rates. In November 2022, there was rural deflation in Sumatera Utara of 0.04 percent.
  • The Agricultural Household Business Exchange Rate (NTUP) for North Sumatra Province in November 2022 was 120.44 or an increase of 2.56 percent compared to the previous month's NTUP
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