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August 2022 Farmer's Exchange Rate decreased by 0.04 percent compared to July 2022

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Release Date	:	September 5, 2022
File Size	:	0.78 MB

Abstract

Farmers' Exchange Rate (NTP) in August 2022 is based on the calculation of NTP with the base year 2018 (2018=100). This NTP calculation includes 5 sub-sectors, namely rice & secondary crops, horticulture, smallholder plantation crops, livestock and fisheries.

In August, the FTT of East Nusa Tenggara was 94.48 with the FTT of each sub-sector being recorded at 91.89 for the paddy-palawija sub-sector (NTP-P), 103.84 for the horticulture sub-sector (NTP-H); 91.94 for smallholder plantation sub-sector (NTP-TPR); 107.83 for the livestock sub-sector (NTP-Pt) and 97.30 for the fisheries sub-sector (NTP-Pi).

There was a decrease of 0.04 percent in August when compared to July's NTP. The decline in the price index was due to the slower development of the receipt price index than the prices of household consumption commodities and capital goods. This occurs in the food crops and livestock sub-sectors.

In rural areas, deflation occurred, especially in the Food, Beverage and Tobacco commodity group.

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August 2022 Farmer's Exchange Rate decreased by 0.04 percent compared to July 2022