Household meal costs seen staying elevated as tomato, LPG prices keep pressure on: Crisil
New Delhi, July 8 -- Household food expenses are likely to remain under pressure in the near term as higher prices of tomato, vegetable oil and cooking gas continue to offset relief from lower potato prices, according to Crisil Intelligence's latest 'Roti Rice Rate' report.
The report said the cost of preparing a vegetarian thali at home rose 5 per cent on-year in June, while the cost of a non-vegetarian thali increased 6 per cent on-year, driven mainly by higher prices of tomato, onion, vegetable oil and liquefied petroleum gas (LPG).
According to Crisil, tomato prices increased 31 per cent on-year after delayed and lower summer crop planting caused by high temperatures in February and March. Vegetable oil and LPG prices also rose 10 p...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.