Lower Vegetable Prices Bring Relief to Home Meals

A recent report highlights how reduced vegetable prices have helped lower the cost of homemade meals in April. Despite increased vegetable oil and LPG prices, costs for both vegetarian and non-vegetarian meals decreased. Future moderation in wheat, pulse, and edible oil prices is also predicted.

Softer vegetable prices contributed to a decrease in the cost of homemade meals in April, according to a report released on Wednesday.

The "roti rice rate" report by Crisil highlighted that the price of a typical vegetarian meal fell 4% year-on-year and 1% month-on-month to Rs 26.3, largely due to a significant drop in vegetable prices, including a 34% plunge in tomato prices.

A notable 19% surge in vegetable oil prices related to higher import duties, alongside a 6% increase in LPG cylinder costs, limited the overall decline in meal prices. The report also predicts easing of wheat, pulse, and edible oil prices in the coming months.

(With inputs from agencies.)