After the steep rise in vegetable prices, consumers are now facing another price shock, with rice prices witnessing a sudden increase of ₹20 to ₹30 per kg, putting additional pressure on household budgets.
The sharp rise has made rice increasingly unaffordable for many families, with basmati rice prices reportedly touching ₹90 per kg.
The increase in prices is being attributed to a decline in paddy production due to inadequate rainfall during the cultivation season. The effects of El Niño have reportedly contributed to the shortfall in rainfall, affecting rice production.
With rice being a staple food for many households, the price hike is likely to add to the financial burden on consumers already struggling with rising food costs.