Market: Edible oil prices rise 8 percent in a month after tomatoes and onions

New Delhi| After onion, tomato and garlic, edible oil has also spoiled the kitchen budget of the common man. Edible oil prices have risen by 8 per cent in one month. In such a situation, people have to make more budget for monthly ration. Vegetables are already expensive. It is because of food inflation that retail inflation has reached a 14-month high in October.

According to data from the Ministry of Consumer Affairs, the price of groundnut oil was Rs 193.58 per litre on 14 October. On Thursday, it increased by one percent to Rs 195.59 a litre. Mustard oil has become costlier by 2.5 per cent to Rs 167 per litre and vegetable oil has increased by five per cent to Rs 142 per litre.

The price of soya oil has become costlier by five per cent to Rs 141 per litre. Sunflower oil has also increased by five percent from Rs 140 to Rs 147 per litre. Palm oil has risen the most by 8 per cent, from Rs 120 to Rs 129 per litre. Along with oils, tea has also become expensive. Its price has increased by three percent to Rs 271 per kg. The prices of vegetables range from Rs 30 to Rs 80 per kg. While onion is still Rs 70-80 per kg, potato is priced at Rs 30 per kg.

Onion prices will remain high this month also. According to ICICI Bank report, vegetable prices may fall by up to four percent in November, but onion prices are going to remain high. Vegetable prices at 57-month high: Prices are still high on an annual basis despite falling vegetable prices in November. Their prices have risen 42 percent in October to a 57-month high. The rise in prices of 65 per cent of expensive vegetables in a year is due to the increase in prices of essential commodities like tomatoes, potatoes and onions. Tomato prices have risen 161 percent in one year. Potatoes have become costlier by 65% and onions by 52%.