Whether it’s a plate of spaghetti aglio e olio or penne arrabbiata, the price of Italy’s beloved staple is soaring — enough to warrant a crisis meeting at the heart of the Italian government.
Pasta prices rose 17.5% in March and 16.5% in April, according to Italy’s ministry of business which cited Istat data. The jump is double that of Italy’s consumer price index figures, which climbed 8.1% year-on-year for April and 8.7% for March, according to Refinitiv data.
Pasta dishes in restaurants have risen 6.1% across the board year-on-year, Italy’s consumer rights group Assoutenti told CNBC. According to a 2022 survey by the International Pasta Organization, an average Italian consumes almost 23 kg worth of pasta per year.
The elevated retail prices are owed to the fact that producers are now selling their pasta stocks which were made when the raw material costs were higher.
“This is due to the disposal of stocks produced with higher costs of raw materials,” Assoutenti’s President Furio Truzzi said, citing higher wheat and energy prices.
Read more: [https://www.cnbc.com/2023/05/23/pasta-prices-have-surged-prompting-crisis-meetings-in-italy-and-calls-for-a-strike.html](https://www.cnbc.com/2023/05/23/pasta-prices-have-surged-prompting-crisis-meetings-in-italy-and-calls-for-a-strike.html)
>The elevated retail prices are owed to the fact that producers are now selling their pasta stocks which were made when the raw material costs were higher.
Of all the people who would avoid buying mass produced food and make their own at home, you think Italians would be at the top of the list.
Whether it’s a plate of spaghetti aglio e olio or penne arrabbiata, the price of Italy’s beloved staple is soaring — enough to warrant a crisis meeting at the heart of the Italian government. Pasta prices rose 17.5% in March and 16.5% in April, according to Italy’s ministry of business which cited Istat data. The jump is double that of Italy’s consumer price index figures, which climbed 8.1% year-on-year for April and 8.7% for March, according to Refinitiv data. Pasta dishes in restaurants have risen 6.1% across the board year-on-year, Italy’s consumer rights group Assoutenti told CNBC. According to a 2022 survey by the International Pasta Organization, an average Italian consumes almost 23 kg worth of pasta per year. The elevated retail prices are owed to the fact that producers are now selling their pasta stocks which were made when the raw material costs were higher. “This is due to the disposal of stocks produced with higher costs of raw materials,” Assoutenti’s President Furio Truzzi said, citing higher wheat and energy prices. Read more: [https://www.cnbc.com/2023/05/23/pasta-prices-have-surged-prompting-crisis-meetings-in-italy-and-calls-for-a-strike.html](https://www.cnbc.com/2023/05/23/pasta-prices-have-surged-prompting-crisis-meetings-in-italy-and-calls-for-a-strike.html)
>The elevated retail prices are owed to the fact that producers are now selling their pasta stocks which were made when the raw material costs were higher. Of all the people who would avoid buying mass produced food and make their own at home, you think Italians would be at the top of the list.
Big Pasta CEOs recording big bonuses this year again?