The cost of home-cooked vegetarian thalis increased by 11% year-on-year in September, while non-vegetarian thalis saw a 2% decline, according to Crisil.
The͏͏ increase͏͏ in͏͏ vegetarian͏͏ thali͏͏ prices͏͏ was͏͏ mainly͏͏ driven͏͏ by͏͏ rising͏͏ vegetable͏͏ costs.͏͏ Onions,͏͏ potatoes,͏͏ and͏͏ tomatoes͏͏ saw͏͏ year-on-year͏͏ price͏͏ increases͏͏ of͏͏ 53%,͏͏ 50%,͏͏ and͏͏ 18%,͏͏ respectively.͏͏ The͏͏ surge͏͏ in͏͏ potato͏͏ and͏͏ onion͏͏ prices͏͏ was͏͏ due͏͏ to͏͏ reduced͏͏ supply,͏͏ while͏͏ tomato͏͏ prices͏͏ were͏͏ impacted͏͏ by͏͏ heavy͏͏ rainfall͏͏ affecting͏͏ output͏͏ in͏͏ Andhra͏͏ Pradesh͏͏ and͏͏ Maharashtra.
Continue͏͏ Exploring:͏͏ Inflation͏͏ drives͏͏ up͏͏ thali prices:͏͏ Veg thali 11%͏͏ more͏͏ expensive͏͏ in͏͏ July,͏͏ non-veg thali up͏͏ 6%
Vegetables͏͏ make͏͏ up͏͏ approximately͏͏ 37%͏͏ of͏͏ the͏͏ total͏͏ cost͏͏ of͏͏ a͏͏ vegetarian͏͏ thali.
The͏͏ prices͏͏ of͏͏ pulses,͏͏ which͏͏ make͏͏ up͏͏ 9%͏͏ of͏͏ the͏͏ cost͏͏ of͏͏ a͏͏ thali,͏͏ increased͏͏ by͏͏ 14%͏͏ compared͏͏ to͏͏ last͏͏ year,͏͏ driven͏͏ by͏͏ reduced͏͏ opening͏͏ stock͏͏ due͏͏ to͏͏ a͏͏ lower͏͏ yield͏͏ from͏͏ the͏͏ previous͏͏ year.
Decline͏͏ in͏͏ Non-Vegetarian Thali Costs:
In͏͏ contrast,͏͏ the͏͏ cost͏͏ of͏͏ the͏͏ non-veg͏͏ thali͏͏ was͏͏ impacted͏͏ by͏͏ a͏͏ year-on-year͏͏ decrease͏͏ of͏͏ 13%͏͏ in͏͏ broiler͏͏ chicken͏͏ prices.
“We͏͏ anticipate͏͏ a͏͏ moderate͏͏ correction͏͏ in͏͏ onion͏͏ prices͏͏ as͏͏ the͏͏ kharif͏͏ supply͏͏ enters͏͏ the͏͏ market.͏͏ While͏͏ potato͏͏ prices͏͏ are͏͏ also͏͏ expected͏͏ to͏͏ decrease,͏͏ tomato͏͏ prices͏͏ may͏͏ stay͏͏ high͏͏ due͏͏ to͏͏ limited͏͏ supply,”͏͏ said͏͏ Pushan͏͏ Sharma,͏͏ Director͏͏ of͏͏ Research͏͏ at͏͏ Crisil͏͏ Market͏͏ Intelligence͏͏ and͏͏ Analytics.
