Mumbai: The price of the home-cooked thali continued to hurt consumers in October with vegetable prices hurting the common buyer’s pocket. Vegetarian thali prices rose 20 per cent to Rs 33.3 in October from Rs 31.3 in the year-ago period, owing to a surge in prices of onions and potatoes. From tomatoes and potatoes to pulses, the prices of all key commodities that went into the cooking of a thali, whether vegetarian or non-vegetarian, were elevated in October owing to weather-related and other supply concerns, according to a report by rating agency CRISIL.
Veg thali prices in October
prices also more than doubled to Rs 64 per kg compared to Rs 29 per kg in the year-ago period owing to rains in key growing areas for the crop. Overall, vegetable thali prices were affected by a change in vegetable prices which enjoy a 40 per cent weightage in the price of a thali, according to an analysis by rating agency CRISIL. The price of pulses also rose 11 per cent in October. However, a further price hike was moderated by a decline in fuel costs by 11 per cent, according to CRISIL rice roti rate analysis.
Why non-veg thali cost more in October
Non-veg thali prices were up on account of a 9 per cent rise in broiler rates. This component makes up for half the cost of a thali, according to CRISIL. Non-veg thali prices rose to Rs 61.6 in October Rs 58.6 in the year-ago period. Vegetable prices, which make up 22 per cent of a non-vegetarian thali’s cost were also up in October, contributing to the price rise.
Vegetable prices, which account for 22 per cent of the non-veg thali costs, also influenced the overall non-veg thali cost, according to CRISIL.
Food inflation in September 2024
The Consumer Food Price Index of Inflation rose to 9.24 per cent in September 20204 from 5.66 per cent in the previous month. This caused a jump in headline inflation to 5.49 per cent in October from 3.14 per cent in August, according to official data.
Vegetable thali prices spiked 20 per cent to Rs 33.3 in October from Rs 31.3 in the year ago period led by a jump in prices of essentials such as tomatoes, potatoes, onions and pulses, according to CRISIL analysis. Economy Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
