Italy suffers surge in price of signature staple ...News

The cost of pasta spiked at double the inflation rate in April and March The price of pasta in Italy has been soaring over the past two months, forcing the government to hold an emergency meeting this week to decide whether a price cap or other state intervention is necessary. According to the Italian National Institute of Statistics (ISTAT), the retail price of pasta spiked 17.5% in March, and 16.5% in April compared to the same period last year, which was double the national inflation rate of 8.8%. This raised concerns over potential market speculation, as the spike coincided with a drop in the cost of wheat. Fo

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Last updated : 14 May 2023 clock 05:57 PM

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Italy suffers surge in price of signature staple ...News

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