The Farmers Exchange Rate (NTP) in August 2020 was 94.17, an increase of 2.67 percent

Release Date	:	September 1, 2020
File Size	:	1.09 MB

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• The South Sumatra Province Farmers Exchange Rate (NTP) in August 2020 was recorded at 94.17 or an increase of 2.67 percent over the previous month's NTP. The increase in NTP was influenced by the Price Index Received by Farmers (It) which increased by an average of 2.38 percent, while the average Index Paid by Farmers (Ib) decreased by 0.29 percent.

• The increase in NTP in August 2020 was influenced by the increase in NTP in the plantation subsector, which rose by 4.11 percent. Meanwhile, the other sub-sectors experienced a decrease, respectively: Food crops 0.11 percent, Horticulture 1.16 percent, Animal Husbandry 1.95 percent, Fisheries 0.55 percent, Capture Fisheries 0.87 percent, and Cultivation Fisheries 0.10 percent.

• In August 2020, in South Sumatra, there was rural deflation of 0.39 percent due to a decrease in the average index price in the Food, Beverage and Tobacco expenditure group, which fell by 0.83 percent. While the groups that experienced an increase were: Clothing and Footwear 0.24 percent, Housing, Water, Electricity and Household Fuels 0.33 percent, Equipment, Equipment and Household Routine Maintenance 0.24 percent, Health 1.37 percent, Transportation 0.19 percent, Information, Communication and Financial Services 0.27 percent, Recreation, Sports and Culture 0.02 percent, and Personal Care and Other Services 0.63 percent. Meanwhile, the Education and Food and Beverage / Restaurant Provision group did not change.

• In August 2020 there was an increase in NTUP by 2.30 percent. This happened because the average It increased by 2.38 percent, which was higher than the average increase in the BPPBM index price which rose by 0.08 percent. The increase in NTUP was caused by the quite high increase in NTUP in the Plantation sub-sector by 3.71. Meanwhile, the sub-sectors that experienced a decline were Food Crops 0.42 percent, Horticulture 1.52 percent, Animal Husbandry 2.38 percent, Fisheries in General 0.73 percent, Capture Fisheries 1.11 percent, and Cultivation Fisheries 0.21 percent.

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