Jaipur, April 05, 2024.
The on-year cost of a representative, home-cooked vegetarian thali rose by seven per cent and non-vegetarian thali declined by seven per cent in March 2024, CRISIL MI&A Research said.
The cost of the veg thali increased due to a surge of 40 per cent, 36 per cent and 22 per cent on-year in prices of onion, tomato and potato, respectively, due to lower arrivals of onion and potato and low base of last fiscal for tomatoes, Crisil said.
Amid lower arrivals, prices of rice (accounting for 13 per cent of the veg thali cost) and pulses (9 per cent) increased 14 per cent and 22 per cent on-year, respectively, it said. The decrease in the cost of the non-veg thali was due to 16 per cent on-year fall in broiler prices on a high base of last fiscal, Crisil said.
On-month, however, the cost of the veg thali declined 1 per cent and non-veg thali rose 2 per cent. The cost of the veg thali eased due to a decline of 2 per cent on-month in prices of tomato (accounting for 9 per cent of the veg thali cost), while prices of onion and rice remained flat, Crisil said.
In contrast, potato prices rose 6 per cent on-month due to crop damage, preventing further decline in thali cost. The cost of the non-veg thali rose due to an estimated 5 per cent increase in broiler prices (accounting for 50 per cent of the cost) due to higher demand amid Ramadan coupled with rising feed cost, according to Crisil.