The Rashtrakutas and their Times c22.234

c22.234

It seems that the prices continued to be more or less on the same level during the next seven centuries. At the beginning of the 17th century A.D., rice was sold at Surat at about 32 seers a rupee.¹³⁷ We know the prices of a number of other articles in the 17th century e. g., wheat, gram, etc., but unfortunately the corresponding prices in our period are unknown. The only price that can be compared is that of rice and this is fortunately an article that can be well utilised in this connection. By the middle of the last century rice was sold in the Deccan at about 21 seers a rupee; my grand uncle, who recently died at the age of 90, had purchased this commodity at this rate in the sixties of the last century. It would, therefore, appear that the rise in prices from the 10th to the middle of the 19th century was only about 50%.