Cost of meals rose by 71% in five years, salaries by just 37%: Data
The Hindu
This disparity means that households with regular salaried people might be cutting back on spending on non-essential items or luxury products
The average cost of a home-cooked vegetarian thali in Maharashtra increased by 71% in the last five years. At the same time, the average monthly salary earned by a person through regular employment in the State increased by only 37%. While the wages of casual labourers kept pace with the rise in prices, increasing by 67% in the period, it is crucial to note that labourers were already spending a high share of their monthly wages on food.
For this analysis, it has been assumed that an average Indian family will be able to meet their daily dietary needs if they consume food equivalent to two thalis per day, spread across breakfast, lunch, and dinner. Non-vegetarian meals were not considered due to lack of past data. To get commodity prices, Maharashtra was chosen as an exemplar due to the availability of consistent data. The average wages and salaries of workers in Maharashtra were considered for comparison.
To decode how much two thalis cost, on average, in Maharashtra, the ingredients used were identified — white rice, toor dal, onion, garlic, green chilli, ginger, tomato, potato, peas, atta, cabbage, sunflower oil, and salt— and the grams required for two servings were measured. The average retail cost for buying those ingredients in Maharashtra — as of March this year, a year ago (2023), and five years ago (2019) — were collated from the Consumer Affairs Ministry and the National Horticulture Board. For some vegetables, for which data were not available, prices in Mumbai were considered as a proxy.
Table 1 | The table lists the weight of commodities required to prepare two thalis and its retail prices in ₹.
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For instance, the cost of buying 125 grams of toor dal, which is required to make two thalis, increased from ₹9.3 to ₹20.1 in the past five years (Table 1). Similarly, the cost of buying 300 grams of potato increased from ₹6.8 to ₹8.6.
Table 2 | The table shows the costs of a thali in ₹ in March 2024, a year ago, and five years ago.