Current:Home > ScamsItaly calls a crisis meeting after pasta prices jump 20% -MomentumProfit Zone
Italy calls a crisis meeting after pasta prices jump 20%
View
Date:2025-04-24 14:52:32
Consumers in some countries might not bat an eye at rising macaroni prices. But in Italy, where the food is part of the national identity, skyrocketing pasta prices are cause for a national crisis.
Italy's Industry Minister Adolfo Urso has convened a crisis commission to discuss the country's soaring pasta costs. The cost of the staple food rose 17.5% during the past year through March, Italian newspaper La Repubblica reported. That's more than twice the rate of inflation in Italy, which stood at 8.1% in March, European Central Bank data shows.
In nearly all of the pasta-crazed country's provinces, where roughly 60% of people eat pasta daily, the average cost of the staple has exceeded $2.20 per kilo, the Washington Post reported. And in Siena, a city in Tuscany, pasta jumped from about $1.50 a kilo a year ago to $2.37, a 58% increase, consumer-rights group Assoutenti found.
That means Siena residents are now paying about $1.08 a pound for their fusilli, up from 68 cents a year earlier.
Such massive price hikes are making Italian activists boil over, calling for the country's officials to intervene.
Durum wheat, water — and greed?
The crisis commission is now investigating factors contributing to the skyrocketing pasta prices. Whether rising prices are cooked in from production cost increases or are a byproduct of corporate greed has become a point of contention among Italian consumers and business owners.
Pasta is typically made with just durum wheat and water, so wheat prices should correlate with pasta prices, activists argue. But the cost of raw materials including durum wheat have dropped 30% from a year earlier, the consumer rights group Assoutenti said in a statement.
"There is no justification for the increases other than pure speculation on the part of the large food groups who also want to supplement their budgets with extra profits," Assoutenti president Furio Truzzi told the Washington Post.
But consumers shouldn't be so quick to assume that corporate greed is fueling soaring macaroni prices, Michele Crippa, an Italian professor of gastronomic science, told the publication. That's because the pasta consumers are buying today was produced when Russia's invasion of Ukraine was driving up food and energy prices.
"Pasta on the shelves today was produced months ago when durum wheat [was] purchased at high prices and with energy costs at the peak of the crisis," Crippa said.
While the cause of the price increases remains a subject of debate, the fury they have invoked is quite clear.
"People are pretending not to see it, but the prices are clearly visible," one Italian Twitter user tweeted. "Fruit, vegetable, pasta and milk prices are leaving their mark."
"At the supermarket below my house, which has the prices of Las Vegas in the high season, dried pasta has even reached 5 euros per kilo," another Italian Twitter user posted in frustration.
This isn't the first time Italians have gotten worked up over pasta. An Italian antitrust agency raided 26 pasta makers over price-fixing allegations in 2009, fining the companies 12.5 million euros.
- In:
- Italy
- Inflation
veryGood! (68)
Related
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Spend the Long Weekend Shopping Jaw-Dropping Sales From Free People, SKIMS, & More
- František Janouch, a Czech nuclear physicist who supported dissidents from Sweden, dies at age 92
- Why more women are joining a lawsuit challenging Tennessee's abortion ban
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- Tom Brady reacts to Bill Belichick, Patriots parting ways with heartfelt message
- Who is Crown Prince Frederik, Denmark’s soon-to-be king?
- Tesla puts German factory production on hold as Red Sea attacks disrupt supply chains
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Palestinian viewers are captivated and moved by case at UN’s top court accusing Israel of genocide
Ranking
- A White House order claims to end 'censorship.' What does that mean?
- The US relationship with China faces a test as Taiwan elects a new leader
- Abercrombie & Fitch’s Activewear Sale Is Fire with 30% off Everything, Plus an Extra 20% off
- Abercrombie & Fitch’s Activewear Sale Is Fire with 30% off Everything, Plus an Extra 20% off
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Post-pandemic burnout takes toll on U.S. pastors: I'm exhausted all the time
- Kali Uchis announces pregnancy with Don Toliver in new music video
- Tech innovations that caught our eye at CES 2024
Recommendation
Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
US, British militaries launch massive retaliatory strike against Iranian-backed Houthis in Yemen
How to keep your kids safe after millions of furniture tip kits were recalled
How 'The Book of Clarence' brings 'majesty' back to the Hollywood biblical epic
Pressure on a veteran and senator shows what’s next for those who oppose Trump
Abercrombie & Fitch’s Activewear Sale Is Fire with 30% off Everything, Plus an Extra 20% off
Healthy Habits That Are Easy to Maintain and You’ll Actually Want to Stick With All Year Long
Michigan woman opens her lottery app, sees $3 million win pending: 'I was in shock!'