Multiple factors doubled retail inflation rate in wheat, rice since April

The retail inflation rate in wheat almost doubled to 17.61 per cent in October from an already elevated 9.59 per cent in April. The case is almost the same with rice, the inflation rate in the price of which more than doubled to 10.21 per cent from almost four per cent in April.

The spike in the prices of these two cereals was diametrically opposite to the cooling of the overall inflation rate and of food inflation, both of which hit a three-month low, though they remained elevated.

In fact, the price increase in cereals more than doubled to over