Plate Prices Plunge: Affordable Thali Options Surge in July
The cost of preparing home-cooked meals, both vegetarian and non-vegetarian, dropped significantly in July due to lower prices of vegetables. While the vegetarian thali cost plummeted by 14% year-on-year, non-vegetarian meals saw a 13% decrease. However, price fluctuations in potatoes and onions could impact future costs.
- Country:
- India
The cost of preparing both vegetarian and non-vegetarian meals at home saw a significant decline in July, primarily driven by falling vegetable prices. The year-on-year cost of a vegetarian thali decreased by 14%, reaching Rs 28.1, as per Crisil Intelligence's Roti Rice Rate report.
Non-vegetarian meals also benefited from a drop in prices, with a 13% year-on-year reduction, bringing the cost down to Rs 53.5 per plate. A higher production of pulses contributed to lowering the prices as well, with a 14% decrease reported.
Despite this downward trend, Crisil's director, Pushan Sharma, warns that persistent high prices of potatoes and onions may limit further declines. Nevertheless, the anticipated bumper production of pulses could continue to exert downward pressure on meal costs.
(With inputs from agencies.)
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