- Vegetarian thali cost fell 14% year-on-year to Rs 28.1 but rose 4% month-on-month in July
- Non-vegetarian meal prices declined 13% year-on-year and 2% month-on-month to Rs 53.5 per plate
- Tomato, onion, and potato price drops led to lower vegetarian thali costs year-on-year
The average costs of preparing home-cooked vegetarian and non-vegetarian meals declined in July due to lower prices of vegetables, a report said on Thursday. A vegetarian thali cost dropped 14% year-on-year to Rs 28.1 against Rs 32.6 but was up 4% month-on-month, when compared to Rs 27.1 in June, according to Crisil's Intelligence's Roti Rice Rate report.
In the case of a non-vegetarian meal, the prices dropped 13% year-on-year and 2% month-on-month to Rs 53.5 per plate, it added.
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"In the near term, thali prices are expected to remain lower year-on-year, owing to a high base of tomato prices. Anticipated higher production of pulses is also likely to soften prices." its director, Pushan Sharma said.
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Sharma, however, added that the extent of the decline may be limited as potato and onion prices are expected to remain firm going forward.
The report explained that a decline in vegetarian thali cost year-on-year was led by a sharp drop in the prices of tomato, onion and potato on a high base.
Additionally, prices of pulses declined 14% year-on-year, driven by higher production and stock levels compared to the year-ago period, and the cost of rice declined 4% year-on-year, it noted.
The vegetarian meal prices were higher month-on-month because of a 31% increase in tomato prices and also a marginal increase in potato and onion prices, it said.
In the case of non-vegetarian meals, lower vegetable prices and a 12% year-on-year and 9% month-on-month decline in broiler prices helped, it added.
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