Current:Home > MyItaly calls a crisis meeting after pasta prices jump 20% -WealthDrive Solutions
Italy calls a crisis meeting after pasta prices jump 20%
View
Date:2025-04-17 09:47:43
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! (2252)
Related
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Indiana woman pleads guilty to hate crime after stabbing Asian American college student
- Love Is Blind Season 7 Trailer Teases NSFW Confession About What’s Growing “Inside of His Pants”
- Maternal deaths surged in Texas in 2020, 2021
- Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
- Arch Manning to get first start for No. 1 Texas as Ewers continues recovery from abdomen strain
- Orioles hope second-half flop won't matter for MLB playoffs: 'We're all wearing it'
- Horoscopes Today, September 18, 2024
- Jamie Foxx gets stitches after a glass is thrown at him during dinner in Beverly Hills
- 60-year-old woman receives third-degree burns while walking off-trail at Yellowstone
Ranking
- NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
- 'Survivor' Season 47: Who went home first? See who was voted out in the premiere episode
- Tulane’s public health school secures major gift to expand
- Houston officer shot responding to home invasion call; 3 arrested: Police
- Whoopi Goldberg is delightfully vile as Miss Hannigan in ‘Annie’ stage return
- Get a Designer Michael Kors $498 Handbag for $99 & More Luxury Deals Under $100
- Brittany Cartwright Admits She Got This Cosmetic Procedure Before Divorcing Jax Taylor
- Jean Smart, Ariana Grande, Michael Keaton among hosts for ‘SNL’ season 50
Recommendation
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
Ex-CIA officer gets 30 years in prison for drugging, sexually abusing dozens of women
What NFL games are today: Schedule, time, how to watch Thursday action
Florence Pugh Addresses Nasty Comments About Her Weight
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
ESPN insider Adrian Wojnarowski retires from journalism, joins St. Bonaventure basketball
Endangered sea corals moved from South Florida to the Texas Gulf Coast for research and restoration
Bruins' Jeremy Swayman among unsigned players as NHL training camps open