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Vegetable and Pulse Price Slump Drives July Thali Costs to Cycle Lows

Crisil forecasts continued year-on-year relief for thali prices on account of last year’s elevated tomato rates.

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Overview

  • Vegetarian thali costs fell 14% year-on-year to Rs 28.1 per plate in July while non-vegetarian meals dropped 13% to Rs 53.5.
  • Tomato prices plunged 36% on-year to Rs 42 per kg in July as onion and potato rates declined by 36% and 30% respectively.
  • Pulses prices eased 14% year-on-year on stronger output and stock levels and broiler chicken rates fell an estimated 12%, boosting non-vegetarian affordability.
  • Vegetable oil rates jumped 20% and LPG cylinder costs rose 6%, holding back steeper declines in overall home-cooked meal expenses.
  • Month-on-month, vegetarian thali costs gained 4% in July due to a seasonal spike in tomato prices, underscoring short-term volatility.