Current:Home > ScamsItaly calls a crisis meeting after pasta prices jump 20% -CapitalCourse
Italy calls a crisis meeting after pasta prices jump 20%
View
Date:2025-04-15 10:41:43
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! (93)
Related
- Current, future North Carolina governor’s challenge of power
- 2024 Kids' Choice Awards nominees announced
- California Oil Town Chose a Firm with Oil Industry Ties to Review Impacts of an Unprecedented 20-Year Drilling Permit Extension
- Bridgerton's Nicola Coughlan Addresses Fan Theory Sparked by Hidden Post-it Note
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- Possibility of ranked-choice voting in Colorado faces a hurdle with new law
- Have you started investing? There's no time like the present.
- Alec and Hilaria Baldwin announce new reality show about life with 7 young children
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- New Hunger Games book announced for 2025 — 4 years after last release
Ranking
- Buckingham Palace staff under investigation for 'bar brawl'
- Washington family sues butcher shop for going to wrong house, killing pet pigs: 'Not a meal'
- $10,000 reward offered for capture of escaped Louisiana inmate
- Cleveland woman indicted for fatal stabbing of 3-year-old at Giant Eagle, video released
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Kelly Clarkson struggles to sing Jon Bon Jovi hit 'Blaze of Glory': 'So ridiculous'
- Proof Lindsay Hubbard and Carl Radke's Relationship Was More Toxic Than Summer House Fans Thought
- Carly Pearce explains why she's 'unapologetically honest' on new album 'Hummingbird'
Recommendation
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
Alec and Hilaria Baldwin announce new reality show about life with 7 young children
Book excerpt: Roctogenarians by Mo Rocca and Jonathan Greenberg
Dangerous heat wave in the West is already breaking records and the temperatures could get worse
Rams vs. 49ers highlights: LA wins rainy defensive struggle in key divisional game
T.J. Maxx's parent company wants to curb shoplifting with a police tactic: Body cameras
Drew Barrymore Debuts Blonde Transformation to Channel 2003 Charlie's Angels Look
Billie Eilish and Nat Wolff come to blows in dizzying 'Chihiro' music video: Watch