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Jambi Province's Farmer Exchange Rate (NTP) in July 2024 Increased by 0.16 Percent

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Release Date	:	August 19, 2024
File Size	:	3.24 MB

Abstract

The Farmer Exchange Rate (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 power (terms of trade) of agricultural products with goods and services consumed as well as for production costs. The NTP of Jambi Province in July 2024 was 155.46, an increase of 0.16 percent compared to the previous month's NTP. The increase in NTP was due to the Price Index Received by Farmers (It) decreased by 0.65 percent, while the Price Index Paid by Farmers (Ib) also decreased by 0.81 percent. In Jambi Province, the NTP for January-July 2024 has increased by 8.49 percent compared to the NTP for January-July 2023. In July 2024, there was a decrease in the Household Consumption Index (IKRT) in Jambi Province by 1.04 percent due to a decrease in the index in three expenditure groups, namely the Food, Beverage and Tobacco Group by 1.81 percent; Housing, Water, Electricity and Other Fuels by 0.01 percent; and Information, Communication and Financial Services by 0.04 percent. The Agricultural Household Business Exchange Rate (NTUP) in Jambi Province in July 2024 was 159.46 or down 0.77 percent compared to the previous month's NTUP.

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