The Farmers' Exchange Rate for Sumatera Utara Province in January 2023 was 123.78 - BPS-Statistics Indonesia Sumatera Utara Province

BPS Integrated Statistics Service for North Sumatra Province on Jl. Asrama no. 179, Medan, 20123, email pst1200@bps.go.id with the subject Data Request

The Farmers' Exchange Rate for Sumatera Utara Province in January 2023 was 123.78

Release Date : February 1, 2023
File Size : 1.89 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 January 2023, the Sumatera Utara Province's NTP (2018=100) was recorded at 123.78, down 0.63 percent compared to December 2022's NTP, which was 124.56.
  • The decrease in January 2023 NTP was caused by a decrease in the NTP of three sub-sectors, namely the NTP in the Horticulture sub-sector by 0.11 percent, the NTP in the People's Plantation Plants sub-sector by 1.51 percent, and the NTP in the Livestock sub-sector by 0.58 percent. Meanwhile, the NTP of two other sub-sectors experienced an increase, namely the NTP of the Food Crops sub-sector by 1.34 percent and the NTP of the Fisheries sub-sector by 0.12 percent.
  • Changes in the Household Consumption Index (IKRT) reflect rural inflation/deflation rates. In January 2023, there was rural inflation in Sumatera Utara of 1.02 percent.
  • The Agricultural Household Business Exchange Rate (NTUP) for Sumatera Utara Province in January 2023 was 121.53 or decreased by 0.16 percent compared to the previous month's NTUP.
  • Badan Pusat Statistik

    BPS-Statistics Indonesia

    Badan Pusat Statistik Provinsi Sumatera Utara (Statistics of Sumatera Utara Province)

    Jl. Asrama No. 179 Medan 20123 Indonesia

    Telp (62-61) 8452343

    Faks (62-61) 8452773

    Mailbox : pst1200@bps.go.id

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