Surge in prices of veg and non – veg thalis by 5 – 10 per cent in November
Surge in prices of veg and non - veg thalis by 5 - 10 per cent in November
By : Pune Pulse
December 7, 2023
Pune : In November, the prices of both vegetarian and non-vegetarian thalis increased due to the surge in tomato and onion prices, as reported by CRISIL’s roti rice rate index.
According to the estimates from CRISIL MI&A research, the prices of both vegetarian and non-vegetarian thalis have witnessed a respective increase of 10% and 5% in the past month.
The vegetarian thali consists of roti, onions, tomatoes, potatoes, rice, curd, dal, and salad. On the other hand, the non-vegetarian thali includes all the same components as the vegetarian thali, except that chicken (broiler) replaces the dal. The cost of the thali has been affected by the significant increase in prices of tomatoes and onions, which rose by 35% and 58% respectively last month.
According to CRISIL’s monthly Roti Rice Rate indicator, the cost of the non-veg thali experienced a slower increase compared to the veg thali. This can be attributed to a slight decline in broiler prices, which make up approximately 50% of the non-veg thali cost, ranging from 1-3%.
The price of the vegetable thali increased by 9% compared to the previous year. This increase was primarily driven by a significant rise of 93% in onion prices and a 15% increase in tomato prices. The surge in onion and tomato prices can be attributed to the higher demand during the festive season and a decrease in output during the Kharif season, caused by unpredictable rainfall conditions. Additionally, the cost of pulses, which make up 9% of the vegetable thali, has also seen a substantial increase of 21% compared to the previous year.
From January 2023 to May 2023, the prices of vegetable thalis reached their lowest point as a result of the decrease in onion, tomato, and oil prices. However, in July and August, both vegetarian and non-vegetarian thalis became more expensive due to the rise in tomato prices. The cost of vegetable thalis increased by 24% in August compared to the previous year, while the cost of non-vegetarian thalis rose by 13% year-on-year.
