India Thali Costs Decline 13%

The cost of preparing home-cooked vegetarian and non-vegetarian thalis in India fell by 13% year-on-year in November, according to a report by S&P Global — CRISIL Ratings. This decline was primarily due to a sharp fall in the prices of vegetables like tomatoes (down 17%), potatoes (down 29%), and onions (down 53%). Pulse prices also decreased by 17% due to increased stocks and significant imports of Chickpea, yellow pea, and black gram. The cost of non-vegetarian thalis was further reduced by a 12% drop in broiler prices. While monthly costs showed a slight increase for vegetarian thalis and a slight decrease for non-vegetarian thalis in November, the overall year-on-year trend reflects a positive development for household budgets. Pushan Sharma of S&P Global — CRISIL Ratings Intelligence noted that onion prices are expected to firm up, while potato prices may moderate further.