Now Reading: Onion, oil, LPG push home thali costs up 9% in July: Crisil
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Onion, oil, LPG push home thali costs up 9% in July: Crisil
A home-cooked vegetarian thali cost 4% more in July than a year ago, while a non-vegetarian thali became 9% pricier, according to Crisil's Roti Rice Report. Onion prices rose 20% year-on-year as…
The Story in Brief
A home-cooked vegetarian thali cost 4% more in July than a year ago, while a non-vegetarian thali became 9% pricier, according to Crisil's Roti Rice Report. Onion prices rose 20% year-on-year as higher-priced stored rabi stocks hit the market, worsened by unseasonal rainfall and hailstorms in Maharashtra. Vegetable oil and LPG cylinder prices increased 11% and 10% respectively, driven by supply disruptions and higher energy costs linked to the West Asia conflict. For non-veg thalis, broiler chicken prices climbed 14%.
However, the overall rise was partly offset by a 12% drop in potato prices and a 2% decline in tomato prices. On a month-on-month basis, the veg thali cost rose 2% while the non-veg thali remained stable. Crisil expects onion prices to stay firm due to tight rabi supplies and a delay in kharif arrivals, while potato prices may inch up as cold-storage stock is released.
The Indian Opinion
The usual suspects, onion, oil, and LPG, are blamed for the thali’s jump, but the narrative often misses the weather hand. Unseasonal rain in Maharashtra, not government policy, shrunk onion supplies. The West Asia conflict, not domestic mismanagement, keeps edible oil and LPG inflated. Meanwhile, potato and tomato prices fell, offering some relief. The real test: will the delayed kharif onion arrivals and festive demand from September push costs even higher, or will the government's buffer stock intervene?
Sources (2): livemint.com, timesofindia.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
