According to news agency ANI, wholesale prices of tomatoes have spiked to ₹40 a kilogram in Karnataka. Local media reports also suggest that tomato prices at the Ghazipur mandi, a wholesale market near the national capital, also touched ₹36 per kg. Retail prices have crossed ₹50 in Delhi and Mumbai. In Chennai, reports suggest that the prices have crossed ₹70.
Some unexpected rains damaged crops in Maharashtra, Rajasthan, Haryana and Karnataka. These are states that produce a lot of tomatoes and therefore the supply has shrunk and the prices are up.
The latest spike has come a day after government data showed that consumer price inflation had fallen to 4.35%, the lowest in the last five months. The Reserve Bank of India, too, recently projected a benign impact due to rising living expenses. However, the risks seem to be piling up.
[ ₹100 = €1.20 ]