Tomato Surge: The Rising Cost of a Home-Cooked Meal
In August, the price of home-cooked meals rose, driven by a surge in tomato prices. Vegetarian meals increased by 4% and non-vegetarian by 2%. The dramatic rise in tomato costs resulted from a significant drop in arrivals. Year-on-year, meal prices decreased due to benign commodity prices.
- Country:
- India
In a surprising turn of events, the price of home-cooked meals witnessed an uptick in August, largely spurred by a notable rise in tomato prices, according to a report released by Crisil on Monday.
The cost of a vegetarian meal rose by 4% to Rs 29.1 in August from Rs 28.1 in July. Similarly, non-vegetarian meals saw a modest increase, climbing 2% to Rs 54.6 per plate. This price trajectory was significantly influenced by a 26% hike in tomato prices owing to a 35% reduction in market arrivals, as highlighted in the monthly roti rice rate report.
While potato and onion prices remained stable due to the release of stored stocks, there's a silver lining when looking at the annual comparison. The cost for vegetarian meals dropped by 7% and non-vegetarian by 8% from August 2024 figures, primarily due to softer commodity prices.
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