Rice gets pricey on supply concerns, wheat stays costlier. Here's why3 min read . Updated: 23 Aug 2022, 09:38 PM IST
- As per the consumer affairs department data, on August 23, the all-India average retail price of rice stood at ₹37.63 per kg higher by 6.2% yoy. Meanwhile, the price of wheat climbed by 14% to ₹30.89 per kg against ₹27.09 per kg on August 23 last year.
Rice has gotten pricey, but the spike is at a much slower pace compared to wheat which has recorded a double-digit rise in retail prices year-on-year. The daily price data of Consumer Affairs shows that the prices of the majority of essential commodities have risen as of August 23 compared to the same period last year. The lag in paddy sowing during the summer Kharif season is worrisome ahead.
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