Cost of veg and non-veg thalis down? Crisil report finds 6% YoY decline in May due to drop in vegetable, chicken prices
Cooking vegetarian and non-vegetarian thalis at home got less expensive in May 2025, compared to the previous year, according to a report by Crisil, which noted that drops in vegetable and chicken prices impacted both meals.
The cost of preparing a home-cooked vegetarian and non-vegetarian meal dropped by around 6 per cent each year-on-year (YoY), as prices of onions, tomato, potatoes and broiler chicken fell, the analysis title 'Roti Rice Rate' found.
On-month basis, non-veg thali was cheaper while veg thali price was stable, it added.
The analysis defined a veg thali as comprising 'roti, vegetables (onion, tomato and potato), rice, dal, curd and salad'; and a non-veg thali as having the 'same elements, except dal, which is replaced by chicken (broiler)'.
According to the report, prices of key vegetables in Indian cooking, led to decline in thali costs. It noted that: Tomoto prices reduced by 29 per cent to ₹ 23 per kg in May 2025, compared to ₹ 33/kg in May 2024.
23 per kg in May 2025, compared to 33/kg in May 2024. Further, the prices of onion and potato dropped by 15 per cent and 16 per cent, respectively, compared to last year, when crop damage, unseasonal rainfall and lower yields due to water shortage in Maharashtra, Madhya Pradesh and Karnataka shot up demand and prices.
Besides vegetables, the cost of broiler chicken also dropped 6 per cent, giving non-veg eater a similar relief in prices. Prices dropped due to oversupply after demand dropped due to bird flu reports in parts of Andhra Pradesh, Maharashtra, Karnataka, and Telangana, it added.
The report also noted that a 19 per cent YoY increase in cost of vegetable oil (due to import duty), and 6 per cent YoY jump in LPG cylinder prices, prevented a steeper fall in thali costs. On a month-on-month basis, the cost of a vegetarian thali remained stable, while that of non-vegetarian thali reduced 2 per cent in May 2025, the analysis said.
It noted that in May 2025, prices of potato and tomato rose 3 per cent and 10 per cent, respectively, compared to April; while onion prices shed 10 per cent — helping to keep total cost unchanged.
In terms of broiler chicken, prices declined by an estimated 4 per cent month-on-month making non-vegetarian thali cost cheaper in May compared to April 2025.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Economic Times
21 minutes ago
- Economic Times
Disruption of rare earth magnet supplies beyond 30 days can impact vehicle production in India: Report
Agencies Representative image. A disruption in rare earth magnet supplies lasting beyond a month can impact production of passenger vehicles, including electric models, weighing on the domestic automobile industry's growth momentum, a report on Tuesday said. Rare earth magnets, low in cost but critical in function, could emerge as a key supply-side risk for India's automotive sector if China's export restrictions and delays in shipment clearances persist, Crisil Ratings said in a statement. "The supply squeeze comes just as the auto sector is preparing for aggressive EV rollouts. Over a dozen new electric models are planned for launch, most built on PMSM platforms," Crisil Ratings Senior Director Anuj Sethi said. While most automakers currently have 4-6 weeks of inventory, prolonged delays could start affecting vehicle production, with EV models facing deferrals or rescheduling from July 2025, he added. A broader impact on two-wheelers and ICE PVs may follow if the supply bottlenecks persist for an extended period, Sethi said. "The shortage of rare earth magnets is forcing automakers to reassess supply-chain strategies. Despite contributing less than 5 per cent of a vehicle's cost, these magnets are indispensable for EV motors and electric steering systems," said Crisil Ratings Director Poonam Upadhyay. Automakers are actively engaging with alternative suppliers in countries such as Vietnam, Indonesia, Japan, Australia, and the US, while also optimising existing inventories, she noted. "With applications across EVs and ICE vehicles, a prolonged supply squeeze could disrupt production of PVs and 2Ws, making this low-cost component a potential high-impact bottleneck for the sector," she said. Rare earth magnets are integral to Permanent Magnet Synchronous Motors (PMSMs) used in EVs for their high torque, energy efficiency and compact size. Hybrids also depend on them for efficient propulsion. In internal combustion engine (ICE) vehicles, the use of rare earth magnets is largely limited to electric power steering and other motorised systems. In April this year, China, the world's dominant exporter of rare earth magnets, imposed export restrictions on seven rare earth elements and finished magnets, mandating export licences. The revised framework demands detailed end-use disclosures and client declarations, including confirmation that the products will not be used in defence or re-exported to the US. With the clearance process taking at least 45 days, this added scrutiny has significantly delayed approvals. And the growing backlog has further slowed clearances, tightening global supply chains. India, which sourced over 80 per cent of its 540 tonnes magnet imports from China last fiscal, has started to feel the impact. By end-May 2025, nearly 30 import requests from Indian companies were endorsed by the Indian government, but none have yet been approved by the Chinese authorities, and no shipments have arrived. During the pandemic, rare earth magnet supplies remained stable, unlike semiconductors, reinforcing reliance on just-in-time inventory without building strategic buffers. However, while semiconductors have a globally diversified supply base, over 90 per cent of rare earth magnet processing is concentrated in China, with limited short-term alternatives. Recognising the risk, the government and automakers are taking action on two fronts, Crisil said. In the short term, the focus is on building strategic inventories, tapping alternative suppliers and accelerating domestic assembly under Production Linked Incentive schemes. For the long term, reducing import dependency will hinge on fast-tracking rare earth exploration, building local production capacity and investing in recycling infrastructure, Crisil stated.


New Indian Express
31 minutes ago
- New Indian Express
Maharashtra government hikes liquor taxes to raise ₹14,000 crore in annual revenue
MUMBAI: The Maharashtra state cabinet on Tuesday approved a significant increase in excise duty on liquor, aiming to boost revenue by approximately ₹14,000 crore per year . The state cabinet approved the Excise Department's recommendations after a secretary-level study group reviewed best practices from other states. The group proposed measures to expand liquor production, streamline licensing, and enhance excise duty and tax collection. Key decisions approved by the cabinet Excise duty increases: Indian-Made Foreign Liquor (IMFL) up to ₹260 per bulk litre will now be taxed at 4.5× the declared production cost, up from the previous 3×. Country liquor duty has increased from ₹180 to ₹205 per proof litre. New Maharashtra-Made Liquor (MML): A new category of grain-based foreign liquor, to be produced exclusively by Maharashtra distillers. Manufacturers must register their MML brands separately. Revised minimum retail prices for 180 ml bottles: Country liquor: ₹80 MML: ₹148 IMFL: ₹205 Premium foreign liquor: ₹360 Licensing amendments: Sealed foreign liquor shops (FL-2) operating under lease agreements will incur a 15% increase in annual license fees. Hotel/restaurant licenses (FL-3) on the same basis will face a 10% fee hike Strengthening the excise department:


Economic Times
32 minutes ago
- Economic Times
Zerodha's Nithin Kamath hails SCRA rule clarification for stock brokers, "huge" for Rainmatter. Here's why
Zerodha Founder & CEO Nithin Kamath on Tuesday lauded Indian finance ministry and NSE for clarification of SCRA rules enabling stock brokers to invest their own funds without exchange approvals or restrictions. Calling it huge for Rainmatter, an initiative by Zerodha which supports and invests in Indian startups, Kamath said that Zerodha will now be able to allocate more capital to support domestic startups directly from the brokerage entity. ADVERTISEMENT "Finally, after clarification of SCRA rules by @FinMinIndia and NSE, brokers can now invest their own funds without exchange approvals or restrictions. This is huge for @Rainmatterin. We can now allocate more capital to support Indian startups directly from the brokerage entity," Kamat tweeted on his official X handle. The government had in May, amended the Securities Contract (Amendment) Rules to give regulatory clarity and enhance ease of doing business for stock brokers. "Amendment gives regulatory clarity to enhance ease of doing business for brokers," the finance ministry said. Through a circular issued on May 16, the Ministry of Finance recently changed certain rules about how stockbrokers can invest their own money. The main point of the change is that when a stockbroker invests his own money, it will generally not be considered as part of their "broking business" subject to certain conditions.'Provided further that investments made by a member shall not be construed as business except when such investments involve client funds or client securities or relate to arrangements which are in the nature of creating a financial liability on the broker,' the clarification said. The government amended the rules by inserting this provision in Rule 8 of the Securities Contracts (Regulation) Rules, means they won't have to follow the same strict rules that apply to client-related transactions. ADVERTISEMENT However, there are exceptions to this rule. If the investments made by stock brokers involve client money or client securities, or if these investments create a financial risk for their brokerage firm, then these investments will still be treated as part of their business and subject to the usual rules.'Provided further that investments made by a member shall not be construed as business except when such investments involve client funds or client securities or relate to arrangements which are in the nature of creating a financial liability on the broker,' the clarification said. ADVERTISEMENT Also Read: Zerodha's MTF bet pays off, touches Rs 3,000 crore in 6 months despite a bear market: Nithin Kamath (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)