As per CRISIL’s latest monthly indicator of food plate cost in India, home-cooked vegetarian and non-vegetarian thalis (food plate) get costlier in November as onion and tomato prices rise.
CRISIL MI&A Research estimates revealed that in November, the cost of representative home-cooked veg and non-veg thalis increased 10% and 5% on- month, respectively.
Key reasons
The uptick was attributable to a substantial 58% and 35% on-month increase in onion and tomato prices, respectively, prompted by festive demand and lower output in the kharif season due to erratic rainfall conditions.
On-month, the cost of the non- veg thali increased at a slower pace than that of the veg thali because of a marginal 1-3% decline in prices of broilers, which account for ~50% of the non-veg thali cost.
The cost of the veg thali rose 9% on-year, driven by a 93% and 15% increase in onion and tomato prices, respectively.
Prices of pulses, which account for ~9% of the veg thali cost, also increased 21% on-year.
The average cost of preparing a thali at home is calculated based on input prices prevailing in north, south, east, and west India.
Monthly change reflects the impact on the expenditure of common people.
October data
In October, both vegetarian and non-vegetarian thalis prepared at home witnessed a relief as the month saw a drop in prices of potato, tomato and broiler.
The dip was due to a significant 21% and 38% on-year decline in the prices of potato and tomato, respectively, in the month.
In September, the cost of a vegetarian thali fell 17% on-month in September. The major contribution was from tomato prices, which declined ~62% on-month to Rs 39/kg in September 2023 from Rs 102/kg in August.
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