CRISIL India Food Price Report
Analysis based on 11 articles · First reported Apr 06, 2026 · Last updated Apr 07, 2026
The report from S&P Global — CRISIL Ratings provides insights into food inflation in India, indicating a slight decrease in non-vegetarian meal costs and stable vegetarian meal costs. This information is crucial for financial market participants to assess consumer spending trends and inflationary pressures within the Indian economy.
S&P Global — CRISIL Ratings's 'Roti Rice Rate' report for March 2026 indicates a 1% year-on-year decrease in the cost of a home-cooked non-vegetarian thali in India, while the vegetarian thali cost remained stable. This was primarily due to lower prices for onions, potatoes, and pulses, which offset increases in tomatoes, vegetable oil, and fuel. Tomato prices surged 33% year-on-year due to delayed transplantation in key producing regions like India — Karnataka and India — Andhra Pradesh. Conversely, onion prices fell 25% due to excess supply and weak exports, and potato prices decreased 13% due to weak demand. Global supply disruptions led to a 6% rise in vegetable oil prices and a 14% increase in liquefied petroleum gas cylinder costs, limiting the overall decline in thali costs. The non-vegetarian thali benefited from a 2% drop in broiler prices. Pushan Sharma of S&P Global — CRISIL Ratings Intelligence provided commentary on these trends, noting that geopolitical uncertainties in West Asia are expected to keep vegetable oil prices high.
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