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Development of Sulawesi Utara Farmers' Exchange Rate October 2022

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Release Date	:	December 6, 2022
File Size	:	1.87 MB

Abstract

The Sulawesi Utara Farmer's Exchange Rate (NTP) in October 2022 fell 1.80 percent to 105.88 compared to September which was still 107.82. The decrease in NTP is due to the speed of the Price Index received by Farmers (It) is faster than the Price Index paid by Farmers (Ib). It was down 1.89 percent, while Ib was down just 0.09 percent.

NTP both YTD (calendar year) and YoY (year to year) shows a downward trend. Based on YTD it fell by 4.19 percent, and YoY it fell 3.12 percent.

The Agricultural Household Business Exchange Rate (NTUP) also decreased by 2.16 percent, from 106.69 in September to 104.38 in October.

In rural areas, there was 0.23 percent deflation. Deflation only occurred in the Food, Beverage and Tobacco group. There are seven expenditure groups experiencing inflation, namely the Health group; Housing, Water, Electricity and Other Fuels group; Group of Equipment, Equipment and Household Routine Maintenance; Transportation group; Personal Care and Other Services group; Clothing and Footwear; and the Food and Beverage/Restaurant Provision group. Meanwhile in the Information, Communication, and Financial Services expenditure group; Recreation, Sports, and Culture; and Education tends to stagnate.

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