Price of pasta is rising by 17.5%, more than double the rate of inflation, with consumer groups accusing food producers of price gouging.
The average Italian eats around 23kg of pasta each year, equivalent to a 60g serving every dayItaly's government held a summit on Thursday to discuss a crisis striking to the core of the nation: the soaring price of pasta.
According to his ministry, the cost of spaghetti and other pasta products rose year-on-year by 17.5% in March against consumer inflation of 8.1%. This was despite a drop in wheat prices. The commission said that prices"already showing the first, albeit weak, signs of a [decrease], a sign that in the coming months, the cost of pasta will drop significantly."
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Italy’s authorities refrain from capping the price of pasta\n\t\t\tExpert insights, analysis and smart data help you cut through the noise to spot trends,\n\t\t\trisks and opportunities.\n\t\t\n\t\tJoin over 300,000 Finance professionals who already subscribe to the FT.
Read more »
'Wrong strategy' gives Man Utd 'advantage' for top target as new €160m price tag is revealedMan Utd have been told they will now have to pay €160m if they want to sign Napoli striker Victor Osimhen this summer, according to reports.
Read more »
Energy bills are expected to drop from July, experts sayThe price of gas and electricity is predicted to fall
Read more »
Confectionery firms try to sugar coat price risesMakers of sweets and chocolates are aiming to shield customers from their higher costs.
Read more »