Report reveals an 11% increase in veg thali prices, 6% in non-veg
On Tuesday, a report revealed that vegetarianand non-vegetarian thalis both increased in price by 11 percent and 6 percent, respectively, in July, bucking the trend. A representative home-cooked vegetarian thali, however, cost 4 percent less in July than it did a year earlier, while the cost of non-vegetarian thalis decreased 9 percent less.
According to Crisil‘s monthly indicator of food plate cost, the prices of cereals, pulses, broilers, vegetables, spices, edible oil and cooking gas drove changes in the cost of a thali.
Seven percent out of the 11 per cent rise in the cost of the veg thali can be attributed to only tomato prices, which have zoomed 55 percent on-month from Rs.42 per kg in June to Rs.66 per kg in July.
According to the data, this was mainly due to high temperatures impacting the summer crop in key states of Karnataka and Andhra Pradesh. Additionally, scattered rainfall in May in Karnataka escalated whitefly infestations, thereby impacting the crop output.
“Cost of the non-veg thali rose at a slower pace compared with the veg thali since the price of broiler, comprising more than 50 percent of the total, is estimated to have remained stable,” the report noted.
On the other hand, the price of onion and potato rose 20 percent and 16 percent month-on-month, respectively, further contributing to the higher cost of the veg thali, the Crisil report said. Year-on-year, the cost of a veg thali declined due to a 40 percent drop in tomato prices on the high base of the previous fiscal.
Prices had touched Rs.110 per kg in July 2023, affected by flash floods that hit supply from northern states while pest infestation impacted the output from Karnataka.
For the non-veg thali, the cost decrease YoY was due to an estimated 11 percent decline in broiler prices on the high base of fiscal 2024, the report informed.
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