White wheat flour is 60% or 75% extraction The part that gets removed includes the bran and the germ of the wheat grain-its most nutrient-rich parts.
In the process of making 60% extraction flour, over half of the vitamin B1, B2, B3, E, folic acid, calcium, phosphorus, zinc, copper, iron, and fibre are lost. (probably a bit less lost in UK bread flour which is normally 75% extraction)
Brown flour is 85% -90% extraction with the bran (10-15%) removed.
In the UK white and brown flour is then fortified with fortified with calcium, iron, thiamin and niacin (so actually has more calcium but still less of the nutrients than wholemeal)
Wholemeal is 100% extraction so nothing is in theory removed.
Unfortunately some 'wholemeal' breads are made by a reconstituted process, ie mill finely, extract the white flour, bleach it, reconstitute it with the bran and germ. One way to avoid this is to go for stoneground flour.
Though the nutritional value is different. The GI of white and wholemeal isn't always that different because some wholemeals are made from extremely finely milled flour.TLower Gi breads tend to be made from more roughly ground flour , or contain a mixture of grains with rye, barley or oats etc added or some of the grains are 'bits'.(technical term from my grandchildren) The raising process has an influence too, the light fluffy industrially made bread tend to be much higher gi . Sourdough breads are often much lower.
With rice its similar,The complete milling and polishing that converts brown rice into white rice destroys 67% of the vitamin B3, 80% of the vitamin B1, 90% of the vitamin B6, half of the manganese, half of the phosphorus, 60% of the iron, and all of the dietary fibre and essential fatty acids. In other words its turned from a rich source of nutrients to one almost devoid of them.
White rice in the US is required to "enriched" with vitamins B1, B3 and iron so that might very well apply to rice from the US. I haven't found any such regulation in Europe so I suspect much of the white rice sold here has no fortification
As Hana says rice GI depends upon the starch (As well as if the husk is present) and how long its cooked for.In general sticky rices like Thai and rissotto tend to be much much higher GI.
(the lowest boiled rice on the GI data base has a GI of only 17, the highest 112).
A bit of a minefield, I find a mixture of brown, white basmati and wild rice works best for me.
Lots of info on wholegrains on this site There are far more possibilites than just wheat and rice.
http://www.oldwayspt.org/wgc.html