Development of the Bali Province Farmer Exchange Rate Index in December 2024

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

NTP is one of the indicators to see the level of ability/purchasing power of farmers in rural areas. NTP also shows the exchange rate (terms of trade) of agricultural products with goods and services consumed or for production costs.

The Bali Province NTP Index in December 2024 was recorded at 101.27 or an increase of 2.17 percent compared to the previous month. The increase in the NTP index was due to an increase in the Price Index Received by Farmers (It) of 2.70 percent, higher than the increase in the Index Paid by Farmers (Ib) which was recorded at 0.52 percent.

Nationally, the NTP index was recorded at 122.78 or an increase of 1.23 percent compared to the previous month. In December 2024, the Central Sulawesi Province NTP Index was recorded to have experienced the highest NTP increase, at 4.47 percent. On the other hand, the NTP of West Papua Province was recorded to have experienced the deepest decline, by 1.13 percent.

The Household Consumption Index (IKRT) of Bali Province in December 2024 was recorded at 126.70 or increased by 0.74 percent compared to the previous month's conditions.

The Agricultural Household Business Exchange Rate (NTUP) of Bali Province in December 2024 was recorded at 107.63 or increased by 2.68 percent compared to the previous month's NTUP.