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While the price of vegetarian thali declined to ₹33.80 in August from ₹34 the previous month, that of non-vegetarian thali reduced by 30 paise to Rs 67.30. "Of the 24% rise (year-on-year) in the vegetarian thali cost, 21% can be attributed solely to the price of tomato, which rose 176% on-year to Rs 102/kg in August...," the ratings firm said in the report released on Thursday.
July saw a 34 percent rise in homemade veg thali cost due to soaring tomato prices, reports CRISIL.
"Extreme weather events, even if brief, can cause wild food price swings, especially for vegetables. Government policies and geopolitical developments are increasing their influence on domestic inflation in recent years," Crisil economists said on Wednesday.
Revenues of Indian companies in the first quarter of this fiscal are expected to grow by 6-8%, marking the fourth successive slowdown, analytics company Crisil has warned. Of the 47 sectors tracked by the firm, 14 saw lower revenue, while 15 experienced slower sequential growth, highlighting the global trend for lower growth levels in industries such as steel and aluminium, where realisations and slowing demand for metals have impacted producers.
Crisil Report: Revenues of Indian companies in the first quarter of this fiscal are expected to grow by 6-8%, marking the fourth successive slowdown, analytics company Crisil has warned. Of the 47 sectors tracked by the firm, 14 saw lower revenue, while 15 experienced slower sequential growth, highlighting the global trend for lower growth levels in industries such as steel and aluminium, where realisations and slowing demand for metals have impacted producers.