Market Intelligence

& Analytics

November 2023

CRISIL’s monthly indicator

of food plate cost
The average cost of preparing a thali at home is calculated based on input prices prevailing in north, south,
east, and west India. Monthly change reflects the impact on the common man’s expenditure. The data also
reveals the ingredients (cereals, pulses, broilers, vegetables, spices, edible oil, cooking gas) driving changes
in the cost of a thali.

Both veg and non-veg thalis prepared at home get a second

Cooling platter helping in October as potato, tomato and broiler prices drop
Veg thali Non-veg thali (in Rs)
• The cost of a representative,
home-cooked vegetarian and non- 63.3 Jun-22 27.8
vegetarian thali dipped 5% and 7%
on-year, respectively, in October 2023, Elevated 61.4 Jul-22 26.5
broiler
CRISIL MI&A Research estimates prices 59.8 Aug-22 27.2
show
• The dip was due to a significant 21% 61.0 Sep-22 28.2 Elevated
wheat
and 38% on-year decline in the prices 62.7 Oct-22 29.0 and palm
of potato and tomato, respectively, in oil prices
the month 61.0 Nov-22 27.7
• The cost of non-veg thali declined 59.9 Dec-22 26.4
faster as the price of broiler (~50%
share in the thali cost) softened an 59.7 Jan-23 26.4
estimated 5-7% on-year on a high 59.0 Feb-23 25.5
base
• The cost of fuel, which accounts
58.9 Mar-23 25.3 Softening
of onion,
for ~14% and ~8% of the total 58.7 Apr-23 25.2 tomato and
cost of the veg and non-veg thali, oil prices
respectively, declined ~14% on-year 59.7 May-23 25.4
as the price of a 14.2 kg LPG cylinder 60.4 Jun-23 26.5
fell from Rs 1,053 to Rs 903
• Further decline in thali prices was 67.6 Jul-23 34.0 Elevated
tomato
capped by a rise in onion prices in the 67.3 Aug-23 33.8 prices
second half of the month to Rs 40/
kg on average from Rs 34/kg in the 60.5 Sept-23 27.9
Decline Decline
first half, trading 25% higher on-year in broiler in tomato
in the second half owing to a lower prices 58.4 Oct-23E 27.5 prices
kharif output estimated in 2023
M-o-m: -3% | Y-o-y: -7% M-o-m: -1% | Y-o-y: -5%
• Thali prices are expected to inch up in
November if higher prices of onion — Note: Numbers indicate cost per thali. A veg thali comprises roti, vegetables (onion, tomato, and potato), rice, dal, curd,
and salad. The non-veg thali has the same elements as the veg thali, except that dal is replaced by chicken (broiler);
which accounts for ~10% of the total broiler prices for October 2023 are estimated
cost of a veg thali — persist
• Price of pulses, accounting for 9%
share in the total cost of a veg thali,
increased 19% on-year. This too kept
the thali cost from falling further

Research
 Analytical contacts

Pushan Sharma Priyanka Uday Drishti Parmar

Director Manager Analyst
Research Research Research
CRISIL Market Intelligence CRISIL Market Intelligence CRISIL Market Intelligence
and Analytics and Analytics and Analytics
pushan.sharma@crisil.com priyanka.uday@crisil.com drishti.parmar@crisil.com

Media contacts
Aveek Datta Riddhi Savla
Media Relations Media Relations
CRISIL Limited CRISIL Limited
M: +91 99204 93912 M: +91 98199 57423
D: +91 22 3342 5916 D: +91 22 3342 5916
B: +91 22 3342 3000 B: +91 22 3342 3000
aveek.datta@crisil.com riddhi.savla1@crisil.com

About CRISIL Market Intelligence & Analytics

CRISIL Market Intelligence & Analytics, a division of CRISIL, provides independent research, consulting, risk solutions, and data &
analytics. Our informed insights and opinions on the economy, industry, capital markets and companies drive impactful decisions for
clients across diverse sectors and geographies.

Our strong benchmarking capabilities, granular grasp of sectors, proprietary analytical frameworks and risk management solutions backed
by deep understanding of technology integration, make us the partner of choice for public & private organisations, multi-lateral agencies,
investors and governments for over three decades.

About CRISIL Limited

CRISIL is a leading, agile and innovative global analytics company driven by its mission of making markets function better.

It is India’s foremost provider of ratings, data, research, analytics and solutions with a strong track record of growth, culture of innovation,
and global footprint.

It has delivered independent opinions, actionable insights, and efficient solutions to over 100,000 customers through businesses that
operate from India, the US, the UK, Argentina, Poland, China, Hong Kong, UAE and Singapore.

It is majority owned by S&P Global Inc, a leading provider of transparent and independent ratings, benchmarks, analytics and data to the
capital and commodity markets worldwide.

For more information, visit www.crisil.com

Connect with us: LINKEDIN | TWITTER | YOUTUBE | FACEBOOK | INSTAGRAM

CRISIL Privacy Notice

CRISIL respects your privacy. We may use your personal information, such as your name, location, contact number and email id to fulfil your
request, service your account and to provide you with additional information from CRISIL. For further information on CRISIL’s privacy policy
please visit www.crisil.com/privacy.

Argentina | Australia | China | Hong Kong | India | Japan | Poland | Singapore | Switzerland | UAE | UK | USA
CRISIL Limited: CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai – 400076. India
Phone: + 91 22 3342 3000 | Fax: + 91 22 3342 3001 | www.crisil.com