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Veg thali cost up by 10% amidst lower Kharif output
The Business Guardian
|December 07, 2023
In a recent report by rating agency CRISIL, the cost of a vegetarian thali surged by 10% in November compared to October, attributing the spike to reduced Kharif output owing to irregular rainfall and amplified demand during the festive season
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Simultaneously, the cost of a non-vegetarian thali escalated by 5% month-on-month (MoM).
CRISIL’s Roti Rice Rate index highlighted the primary factors contributing to the uptick in the vegetarian thali’s price. The surge is primarily rooted in a 58% surge in onion prices and a 35% hike in tomato prices. Comparatively, when juxtaposed with November of the previous year, the cost of the vegetarian thali witnessed a 9% change.
Detailing the year-on-year (YoY) increase, CRISIL outlined a 9% rise in the cost of the vegetarian thali. This surge stems from a substantial 93% surge in onion prices and a 15% increase in tomato prices. Additionally, pulses, constituting 9% of the thali’s cost, observed a significant 21% YoY surge in prices.
The vegetarian thali typically encompasses roti, vegetables (onion, tomato, and potato), rice, dal, curd, and salad. CRISIL’s computation of the thali’s average cost considers prevalent input prices across northern, southern, eastern, and western regions of India.
This story is from the December 07, 2023 edition of The Business Guardian.
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