Pasta panic: Italy holds crisis meeting to address soaring prices

Pasta prices have soared nearly 20% in recent months, all while the price of wheat — the main ingredient — has been on the decline.

Inflation is hot on a global level, and the proof is in the pot. Italy's government held an emergency crisis meeting Thursday in Rome to discuss the unprecedented price of pasta, a beloved staple of cuisine in the country.

The meeting comes after pasta prices soared 17.5% in March compared to the same time last year, despite the fact that the price of wheat — the main ingredient in pasta — has fallen 30% since last year. This confounding data has led consumer rights groups like Assoutenti to file an official complaint, accusing pasta producers of price gouging and urging authorities to investigate.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

wrtv /  🏆 598. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Italy calls crisis meeting as pasta prices jump almost 20 percentAs Italy’s government meets to discuss the cause of the pasta price jump, one social media user said, “I can gnocchi believe the prices, I’d re-fusilli to pay.”
Read more »

Italy calls a crisis meeting after pasta prices jump 20%Italian officials are investigating why macaroni prices have risen by more than twice the rate of the country's overall inflation.
Read more »

USD/JPY Price Analysis: Tumbles below 135.00, cracks below the 20 and 100-day EMAThe USD/JPY snaps three days of gains, slides below the 135.00 figure, and distanced from the 20 and 100-day Exponential Moving Average (EMA) at 134.5
Read more »

EUR/JPY Price Analysis: Struggles below 20-DMA as bearish momentum buildsThe EUR/JPY weakened on Wednesday by 0.45%, dropped below the 20-day Exponential Moving Average (EMA), influenced by the EUR/USD pair, which finished
Read more »

Anjali Bhimani Reveals Exciting Details About Dimension 20: The Ravening WarWe dive into Dimension20show's new season TheRaveningWar with Anjali Bhimani (sweeetanj), who discusses her Dimension 20 character, connections to A Crown of Candy, hopes to return to CriticalRole, and even her MsMarvel experience:
Read more »

These Year-Round Boots Are 20% Off For R29 ReadersFeaturing a comfy, flexible sole and soft calf leather, these shoes are perfect for everything from date nights to long travel days.
Read more »