Economists concerned over lower rice acreage pushing up inflation
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Lower rice sowing due to deficient rains, coupled with increasing global prices, may end up pushing up inflation, economists said.
Rice accounts for 4.4% of the Consumer Price Index basket, whereas the main staple, arhar or tur, which has also witnessed a reduction in acreage, has a 0.8% weight in retail inflation. Their combined share in food inflation is 13.2%.
