Overview
- Tomato, potato and onion prices fell 17%, 29% and 53% year-on-year, respectively, driving the decline in household meal costs.
- Pulses were down about 17% year-on-year as larger domestic stocks followed surging imports of Bengal gram, yellow pea and black gram.
- The non-vegetarian thali became cheaper as broiler prices fell 12% year-on-year and an estimated 5% month-on-month on oversupply, with broiler making up roughly half the plate’s cost.
- Monthly movement diverged in November, with the vegetarian thali up 2% on tomato and potato gains and the non-vegetarian thali down 1%.
- Crisil signals onion prices could firm in the medium term as potatoes ease and pulses stay range-bound, while vegetable oil and LPG prices up about 6% year-on-year tempered overall savings.