Current:Home > ScamsItaly calls a crisis meeting after pasta prices jump 20% -VitalWealth Strategies
Italy calls a crisis meeting after pasta prices jump 20%
View
Date:2025-04-18 17:41:34
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! (25)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Emma Bates, a top US contender in the Boston Marathon, will try to beat Kenyans and dodge potholes
- After finishing last at Masters, Tiger Woods looks ahead to three remaining majors
- A Second Real Housewives of Potomac Star Is Leaving After Season 8
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- How Apple Music prepares for releases like Taylor Swift's 'The Tortured Poets Department'
- Don't break the bank with your reading habit: Here's where to buy cheap books near you
- As the Federal Government Proposes a Plan to Cull Barred Owls in the West, the Debate Around ‘Invasive’ Species Heats Up
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- How LIV Golf players fared at 2024 Masters: Bryson DeChambeau, Cameron Smith tie for sixth
Ranking
- A South Texas lawmaker’s 15
- Rubber duck lost at sea for 18 years found 423 miles away from its origin in Dublin
- Another suspect charged in 2023 quadruple homicide in northern Mississippi
- NBA play-in game tournament features big stars. See the matchups, schedule and TV
- The Super Bowl could end in a 'three
- Major news organizations urge Biden, Trump to commit to presidential debates
- Taylor Swift says Ryan Gosling, Emily Blunt's 'All Too Well' cover on 'SNL' was 'everything'
- Scottie Scheffler unstoppable and wins another Masters green jacket
Recommendation
Small twin
As the Federal Government Proposes a Plan to Cull Barred Owls in the West, the Debate Around ‘Invasive’ Species Heats Up
Robert MacNeil, longtime anchor of PBS NewsHour nightly newscast, dies at 93
Fashion isn’t just for the eyes: Upcoming Met Gala exhibit aims to be a multi-sensory experience
House passes bill to add 66 new federal judgeships, but prospects murky after Biden veto threat
Tesla is planning to lay off 10% of its workers after dismal 1Q sales, multiple news outlets report
Taylor Swift and Teresa Giudice Unite at Coachella for an Epic Photo Right Out of Your Wildest Dreams
Taylor Swift and Teresa Giudice Unite at Coachella for an Epic Photo Right Out of Your Wildest Dreams