Farmer Exchange Rate Increases To 0.21 Percent In July 2023

Illustration (Photo: Doc. Antara)

JAKARTA The Central Statistics Agency (BPS) revealed that the Farmer's Exchange Rate (NTP) increased to 110.64 in July 2023. Deputy for Distribution and Services Statistics Pudji Ismartini said this figure was better than June 2023 which amounted to 110.41.

"There are four commodities that affect this increase, namely palm oil, grain, coffee, and cocoa or cocoa beans," he told reporters at a press conference Tuesday, August 1.

According to Pudji, the highest NTP opening was in the sub-sector of people's plantations (NTPR) of 1.34 percent with palm oil, coffee, cocoa, and rubber commodities.

"For the downed NPT, the deepest is in the horticultural sub-sector (NTPH) which contracted 3.22 percent with shallot commodities, cayenne peppers, tomatoes, and petai," he said.

Furthermore, in terms of the National Farmers' Business Exchange Rate (NTUP) in July 2023, it was recorded at 111.41. The score rose 0.27 percent compared to NTUP in June with 111.11.

On this occasion, Pudji also said that there was a decline in general inflation (consumer price index / IHK) from 3.52 percent year on year (yoy) in June to 3.52 percent in July 2023. Likewise, core inflation is sloping 2.43 percent yoy from the previous 2.58 percent.

It was stated that the increase in IHK inflation actually occurred monthly (month to month/mtm) from 0.14 percent mtm as of June to 0.21 percent as of July.

"Moon-to-month inflation is higher in July 2023 compared to June 2023. A significant education group contributed inflation last month (equivariantly the new school year)," said Pudji.