Veg Thali Inflation: Common man upset due to increase in food prices, veg thali became costlier by 24% in August

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Veg Thali Inflation: Due to the ongoing inflation in the prices of food items, the common man has become worried. In the month of August, the taste of the entire thali got spoiled due to expensive tomatoes, onions, ginger and green chillies. Due to high prices of tomatoes, the price of vegetarian thali has increased by 24 percent in August compared to a year ago. This information has been given in a report. However, CRISIL Market Intelligence and Analytics’ monthly ‘Roti Rice Rates’ report on Thursday said there has been a slight decline in the cost compared to July. There has been a slight month-on-month decline in the price of vegetarian thali from a higher base in August and it has increased on an annual basis for the second time this financial year mainly due to firming tomato prices. It said that the price of non-vegetarian thali has increased by 13 percent on a year-on-year basis.

Decreased increase in non-vegetarian plate

Of the 24 per cent increase in the price of vegetarian thali, 21 per cent is due to the price of tomatoes alone, which increased by 176 per cent year-on-year to Rs 102 per kg in August, compared to Rs 37 per kg in August last year. Was. According to the report, for the non-vegetarian thali, the increase was less as the price of broiler, which contributes more than 50 per cent to the cost, has increased by one to three per cent on a year-on-year basis. It said that in August, the price of vegetable oil fell by 17 percent and the price of potatoes fell by 14 percent compared to a year ago, which reduced the cost of the thali to some extent. The report said that thali prices may fall in September as the retail price of tomatoes has halved month-on-month to Rs 51 per kg. Apart from this, the price of 14.2 kg LPG cylinder, which was Rs 1,103 in August, has been reduced to Rs 903 from September, which may provide more relief to consumers.

Reserve Bank committed to bring inflation rate to four percent: Governor

Reserve Bank of India (RBI) Governor Shaktikanta Das said that the central bank is committed to bringing inflation to four percent. He said that RBI will keep an eye on the risks, as the management of prices can sometimes be affected by global supply-related shocks. Shaktikanta Das, in a lecture at the Delhi School of Economics, said that the central bank is alert to ensure that one event in inflation has cascading effects on another and so on.Second Order Effect) can’t fall. The government has entrusted the central bank with the responsibility of keeping inflation at four percent, which can fluctuate up or down by up to two percent.

Inflation increased due to shock in food prices

The RBI Governor said that repeated incidents of food price shocks pose a risk to the stabilization of inflation. This is going on from February 2022. We will keep an eye on this aspect also. He said consistent and timely supply-side interventions by the government are important in limiting the severity and duration of food inflation. He said that in these circumstances, one has to be alert about any risk to price stability and it is necessary to take appropriate steps on time. Without giving any timeline, Shaktikanta Das said that we are strongly focused on bringing inflation to the target of four percent. He also said that due to rising prices of vegetables, inflation had reached 7.4 percent in July, but now it has started decreasing.

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