This is something unbelievable. A kg of carrot in Bangalore now costs Rs 80/-. I used to buy it for Rs 20/- around 6 months back. Our inflation is falling but price of vegetable has quadrupled. Is there a "Vegetable bubble" building up in Bangalore like the housing bubble!!
I thought let me start tracking the price. Let me put down the list of prices of vegetable and some behind the mind intuitions and myths one have on where to buy vegetable? (The prices mentioned below are for the month of Oct 2008 and are for a Kg)
Big Onion - Rs 28/-
Carrot - Rs 37/- (Smart), Rs 80/- (Small time vendor one week later)
Yam - Rs 14/-
Beans - Rs 35/-
Tomato - Rs 28/-
lady's Finger - Rs 23/-
Potato - Rs 10-12/-
Cauliflower - Rs 15/-
Beetroot - Rs 20/-
I found the small shop owner consistently costly than organized retailers like spencers and Smart. I found the road side vegetable hawkers slightly costlier than small shop vegetable owners. At least i had always believed that supply chain efficiency etc is a myth and the road side vendors are always cheaper. Sometimes some intuitions are completely wrong which i accept with humility coming from some background of mathematics where much more intuitions turn wrong!!
April 2009: A fast forward and now carrot is at Rs 10/-, Cabbage at Rs 10/-, Beans at Rs 25/-. How can you avoid such huge variances?
No comments:
Post a Comment