Now Reading: Tomato, onion, potato push July veg thali cost 4% higher
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Tomato, onion, potato push July veg thali cost 4% higher
The cost of a home-cooked vegetarian thali rose 4 per cent month-on-month to Rs 28.1 in July, driven by a 31 per cent surge in tomato prices as market arrivals fell 27…
The Story in Brief
The cost of a home-cooked vegetarian thali rose 4 per cent month-on-month to Rs 28.1 in July, driven by a 31 per cent surge in tomato prices as market arrivals fell 27 per cent during the monsoon. Potato and onion prices also increased 2 per cent and 5 per cent, respectively, according to Crisil’s Roti Rice Rate report.
On a year-on-year basis, though, the vegetarian thali was 14 per cent cheaper and the non-vegetarian thali 13 per cent cheaper. Tomato prices dropped 36 per cent, and potato and onion prices fell 30 per cent and 36 per cent versus July last year. Lower broiler chicken prices, down 9 per cent month-on-month and 12 per cent year-on-year, helped keep the non-veg thali affordable.
The Indian Opinion
Headlines scream ‘thali inflation’ every monsoon when tomato and onion prices spike, ignoring that the year-on-year cost is down 14 per cent. Good sense lies in reading the base effect, not the month-on-month scare. Crisil’s data shows pulses and rice are cheaper; broiler prices are lower. The real test is whether vegetable prices stay soft after the harvest season ends by October. If not, the monthly whine will become annual pain.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
