BPS: Farmers Labor Purchasing Power Depressed by Commodity Prices
IdNasional. The Central Statistics Agency (BPS) mentions the level of purchasing power of farm workers is depressed. The proof, Farmer Exchange Rate (NTP) or farmers' purchasing power index stalled with a rise of 0.04 percent to 103.16 in December 2018.
BPS Head Suhariyanto said the sluggish price of a number of plantation commodities on the international market was the culprit of low purchasing power of farmers. The level of prices received by farmers only rose 0.54 percent. Meanwhile, the price level paid by farm workers for daily consumption reaches 0.5 percent.
"There are a number of commodities whose prices have fallen, such as palm oil, rubber and cocoa, but it is not yet known how much they contribute. However, prices in the international market are certainly influential," he said at the BPS Office on Wednesday
In addition to the influence of commodity prices, he said that the purchasing power of agricultural laborers was also depressed by price increases (inflation) in consumer expenditure items.
Recorded, rural inflation was 0.5 percent in the same month. Meanwhile, the national inflation rate reached 0.62 percent on a monthly basis and 3.13 percent on an annual basis in December 2018.
Based on the sector, the highest purchasing power pressure occurred in the people's plantation sector, which dropped to 1.16 percent. This is because the decline in the price of oil, rubber and cocoa is around 0.7 percent nationally.
"This makes the highest decline in NTP in West Sulawesi because cocoa prices fell by 6.21 percent," he explained.
Then, the decline in purchasing power of farm workers also occurred in the horticulture sector, down 0.02 percent and fisheries shrank 0.04 percent. Even so, the increase in purchasing power is still felt by farm workers in the food crop sector by 0.75 percent.
"This is because there is an increase in prices for rice and secondary crops, especially grain and corn," he said.
Then, the purchasing power of farm laborers also increased in the livestock sector by 0.17 percent due to the increase in the price of chicken eggs and chicken meat.
BPS Head Suhariyanto said the sluggish price of a number of plantation commodities on the international market was the culprit of low purchasing power of farmers. The level of prices received by farmers only rose 0.54 percent. Meanwhile, the price level paid by farm workers for daily consumption reaches 0.5 percent.
"There are a number of commodities whose prices have fallen, such as palm oil, rubber and cocoa, but it is not yet known how much they contribute. However, prices in the international market are certainly influential," he said at the BPS Office on Wednesday
In addition to the influence of commodity prices, he said that the purchasing power of agricultural laborers was also depressed by price increases (inflation) in consumer expenditure items.
Recorded, rural inflation was 0.5 percent in the same month. Meanwhile, the national inflation rate reached 0.62 percent on a monthly basis and 3.13 percent on an annual basis in December 2018.
Based on the sector, the highest purchasing power pressure occurred in the people's plantation sector, which dropped to 1.16 percent. This is because the decline in the price of oil, rubber and cocoa is around 0.7 percent nationally.
"This makes the highest decline in NTP in West Sulawesi because cocoa prices fell by 6.21 percent," he explained.
Then, the decline in purchasing power of farm workers also occurred in the horticulture sector, down 0.02 percent and fisheries shrank 0.04 percent. Even so, the increase in purchasing power is still felt by farm workers in the food crop sector by 0.75 percent.
"This is because there is an increase in prices for rice and secondary crops, especially grain and corn," he said.
Then, the purchasing power of farm laborers also increased in the livestock sector by 0.17 percent due to the increase in the price of chicken eggs and chicken meat.
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