Current:Home > StocksItaly calls a crisis meeting after pasta prices jump 20% -Achieve Wealth Network
Italy calls a crisis meeting after pasta prices jump 20%
View
Date:2025-04-15 20:10:47
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! (1286)
Related
- Working Well: When holidays present rude customers, taking breaks and the high road preserve peace
- NFL Responds to Kansas City Chiefs Player Harrison Butker's Controversial Graduation Speech
- Why Beyoncé’s Cowboy Carter Isn’t Nominated at 2024 ACM Awards
- Judge says Delaware vanity plate rules allow viewpoint discrimination and are unconstitutional
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- ‘Mad Max’ has lived in George Miller’s head for 45 years. He’s not done dreaming yet
- Hailey Bieber Gives Glimpse Into Rhode to Pregnancy With Justin Bieber
- Takeaways from the AP’s investigation into how US prisoners are hurt or killed on the job
- This was the average Social Security benefit in 2004, and here's what it is now
- Colorado teen pleads guilty in death of driver who was hit in the head by a rock
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- Arizona woman sentenced to probation for poisoning husband’s coffee with bleach for months
- Planet Fitness offers free summer workout pass for teens, high school students
- Rob McElhenney Shares Why He Believes Friend Ryan Reynolds Isn't Human
- FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
- Dean McDermott Goes Instagram Official With Girlfriend Lily Calo After Tori Spelling Split
- Raccoon on field stops play in MLS game. How stadium workers corralled and safely released it.
- Slovak prime minister in life-threatening condition after being shot, his Facebook profile says
Recommendation
What to know about Tuesday’s US House primaries to replace Matt Gaetz and Mike Waltz
Pizza Hut newest dish: A cheeseburger patty melt made with pizza crust and mozzarella
DeSantis signs Florida bill making climate change a lesser priority and bans offshore wind turbines
The Mirage casino, which ushered in an era of Las Vegas Strip megaresorts in the ‘90s, is closing
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Will jurors believe Michael Cohen? Defense keys on witness’ credibility at Trump hush money trial
Tom Brady says he regrets Netflix roast, wouldn't do it again because it 'affected my kids'
‘American Idol’ alum Jordin Sparks to perform national anthem ahead of 108th Indianapolis 500