Current:Home > MyItaly calls a crisis meeting after pasta prices jump 20% -MacroWatch
Italy calls a crisis meeting after pasta prices jump 20%
View
Date:2025-04-11 15:54:26
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! (67)
Related
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Maryland bill backed by Gov. Wes Moore seeks to protect election officials from threats
- Alexei Navalny's death reveals the power of grief as his widow continues fight against Putin
- Flint man becomes first person charged under Michigan’s new gun storage law
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Pennsylvania’s high court sides with township over its ban of a backyard gun range
- 'Hotel California' trial: What to know criminal case over handwritten Eagles lyrics
- An unusual criminal case over handwritten lyrics to ‘Hotel California’ goes to trial Wednesday
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Alabama seeks to carry out second execution using controversial nitrogen gas method
Ranking
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- 2 men charged with murder in shooting at Kansas City Chiefs parade that killed 1, injured 22
- Olympian Scott Hamilton Shares He's Not Undergoing Treatment for 3rd Brain Tumor
- Seattle police officer who struck and killed graduate student from India won’t face felony charges
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Hitting the Slopes for Spring Break? Here's Every Affordable Ski Trip Essential You Need to Pack
- Olympian Scott Hamilton Shares He's Not Undergoing Treatment for 3rd Brain Tumor
- Alabama seeks to carry out second execution using controversial nitrogen gas method
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Election officials in the US face daunting challenges in 2024. And Congress isn’t coming to help
Man suspected in killing of woman in NYC hotel room arrested in Arizona after two stabbings there
Usher Reveals Swizz Beatz’ Reaction to Super Bowl Performance With Alicia Keys
Intel's stock did something it hasn't done since 2022
Disaster follows an astronaut back to Earth in the thriller 'Constellation'
Oklahoma police are investigating a nonbinary teen’s death after a fight in a high school bathroom
A 12-year-old boy died at a wilderness therapy program. He's not the first.