New Delhi: In February, the cost of preparing vegetarian and non-vegetarian Thalis has dropped by 5% compared to January this year, according to a Crisil report released on Monday.
The report said that for vegetarian thali, the decline was driven by lower prices of vegetables, especially onions, tomatoes and potatoes, while for non-vegetarian thali, the decline in prices of broiler (chicken) was reduced.
Keep moving forward, the arrival of fresh rabies crops is expected to keep vegetable prices down, thus continually reducing vegetarian costs.
However, temperature conditions in March exceeding normal conditions may affect the shelf life of onions and the quality of onions that need to be stored over the next six months, as well as the quantity and quality of wheat, the most important crop in the rabbi season.
The average cost of preparing for a Talley at home is calculated based on input prices in northern, southern, eastern and western India. Monthly changes reflect the impact on average people’s spending. The data also reveals the ingredients that drive changes in Talley’s costs (cereals, beans, broilers, vegetables, spices, cooking oils and cooking gas).
The ICRA report is in line with official data that retail inflation in India is on a downward trajectory. Inflation based on the consumer price index fell to a low of 4.31% in January as eased prices for vegetables and beans this month, giving household budgets a respite.
The relief of inflation reflects a steady decline in October’s 14-month high of 6.21%. CPI inflation fell to 5.48% in November, and in December, the inflation rate fell by 5.22%.
The food inflation rate in January 2025 was 6.02%, the lowest price after August 2024.
RBI Governor Sanjay Malhotra announced that amid global uncertainty, the policy rate for the policy review was reduced by 25% to 6.25% to accelerate growth.
He said inflation has fallen and is expected to adapt further and gradually align with the Reserve Bank of India’s goals.
Now, with the downward trend of retail inflation, the RBI will have more headroom to follow soft monetary policies to allow businesses and consumers to gain more credit, which will drive economic growth.
