New Delhi, March 10 (IANS). The cost of home -cooked vegetarian and non -vegetarian plate has been reduced by 5 percent in February compared to January. This information was given in the latest report of Crisil released on Monday.
The report said that this fall for the vegetarian plate was seen with a decrease in the price of vegetables. Especially due to low prices of onions, tomatoes and potatoes, the cost of vegetarian plate was reduced. Whereas, for a non -vegetarian plate, the cost reduction was recorded due to a decrease in the price of the broiler (chicken).
With the introduction of new Rabi crops, the prices of vegetables are expected to reduce, due to which the cost of vegetarian plate will continue to be relieved.
The report states that however, the temperature situation in March was higher than normal, which may affect the shelf life and quality of onion. In view of this, the onion will need to store for the next six months. Also, the amount of wheat and quality can also be affected, which is the most important crop of the Rabi season.
The average cost of preparing a plate at home is calculated based on input prices prevalent in North, South, East and West India.
The change in the month reflects the effect on the expense of the common man. In the data, information that changes the cost of the plate such as grains, pulses, broilers, vegetables, spices, edible oil and LPG is also available.
The ICRA report in line with official data that India’s retail inflation is moving downwards. According to data from the Ministry of Statistics, inflation based on the Consumer Price Index in January came to a 5 -month low of 4.31 percent, as the prices of vegetables and pulses declined during the month, which relieved the domestic budget.
The reduction in inflation in October reflects a steady decline after touching the 14 -month highest level 6.21 percent. CPI inflation had come down to 5.48 percent in November and 5.22 percent in December.
Food inflation in January 2025 is the lowest after August 2024 at 6.02 percent.
In the monetary policy review to speed up development amidst global uncertainties, RBI Governor Sanjay Malhotra announced a 25 base cut in the policy rate, which was reduced from 6.5 percent to 6.25 percent.
He said that inflation has declined and it is expected that it will decrease further and it will gradually be in accordance with the RBI target.
RBI will have more scope to follow a soft currency policy to provide more loans to businesses and consumers due to the fall in retail inflation, which will promote economic growth.
-IANS
SKT/ABM
