Wholesale Price based inflation spikes to 3-month-high at 0.53% in March
The annual rate of inflation based on the all India Wholesale Price Index (WPI) number has risen marginally to 0.53 per cent for March 2024, the government said on Monday.
The cost of a vegetarian ‘thali’ rose 10 per cent in November as compared to October while the cost of a non-veg thali increased 5 per cent as the prices of onions and tomatoes shot up during the month, according to a CRISIL report.
Unseasonal rainfall during November had damaged the onion and tomato crops which led to a shortage of the two commodities in the market and triggered the price rise.
“The cost of the veg thali rose 9 per cent year-on-year (YoY), driven by a 93 per cent and 15 per cent increase in onion and tomato prices, respectively. Prices of pulses, which account for 9 per cent of the veg thali cost, also increased 21 per cent YoY,” CRISIL said.
Advertisement
A veg thali comprises roti, vegetables, rice, dal, curd, and salad. Its average cost is calculated based on input prices prevailing in north, south, east, and west India.
For non-vegetarian thali, the increase in prices was lower because of a dip in chicken price which accounts for 50 per cent of the total cost of a non-veg thali. Chicken replaces dal in a non-veg thali while the rest of the items remain the same.
The cost of veg and non-veg thalis came down by 1 per cent and 3 per cent in October as compared to September, as potato, tomato and broiler prices had fallen during the month.
Advertisement
