According to the Crisil report released on Monday, the cost of preparing both vegetarian and non -vegetarian plate at home in February has decreased by 5 percent compared to the same figure of January this year.

For a vegetarian plate, this fall was caused by low prices of vegetables, especially onions, tomatoes and potatoes, while for a non -vegetarian plate, the cost due to a decrease in the price of the broiler (chicken), the report has been said in the report.

Moving forward, the arrival of new Rabi crops is expected to reduce the prices of vegetables, which will provide frequent relief in the cost of vegetarian plate.

However, the temperature situation in March is higher than normal, which may affect the shelf life and quality of onion, which needs to be stored for the next six months, as well as the amount and quality of wheat may be affected – which is the most important crop of the Rabi season, the report states.

The average cost of preparing a plate at home is calculated based on input prices prevalent in North, South, East and West India. Monthly change reflects the effect on the expense of the common man. Data also detects a change in the cost of the plate (grains, pulses, broilers, vegetables, spices, edible oil and cooking gas).

The ICRA report in line with official data that India's retail inflation is moving downwards. According to data released by 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 decreased 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.

Now, due to continuing to fall in retail inflation, RBI will have more scope to follow a soft currency policy to provide more loans to businesses and consumers, which will promote economic growth.