Italy’s government calls crisis meeting over surging pasta prices

MILAN – Italy’s Industry Minister Adolfo Urso called on Thursday for a crisis meeting over prices for pasta, the country’s favourite staple, after they jumped by more than double the national inflation rate.

Urso’s ministry said the cost of spaghetti and other pasta products rose year-on-year by 17.5 per cent in March despite a drop in wheat prices. In that month, Italian EU-harmonised consumer prices (HICP) rose overall by 8.1 per cent.

The crisis talks will be chaired by a government-appointed watchdog on inflation on May 11, and will mark the first meeting of a new committee set up to monitor unusual price movements, the ministry said.

Competent authorities and trade and consumer associations will take part in it, it added.

Italian inflation rose by even more in April to 8.8 per cent year-on-year, driven by a fresh spike in energy prices, national statistics agency ISTAT said on Tuesday. ‘Core’ inflation, net of fresh food and energy, was stable at 6.8 per cent year-on-year. REUTERS

Want to get worth reading articles in your email? want to catch what's going on in the world?

We do not spam but sent you only important news stories 🙂

News Agencies

About Author

The latest news from the News Agencies

You may also like

Saudi Arabia imposes curfew

Saudi Arabia imposes curfew due to coronavirus in Makkah and Madina

Saudi Arabia’s government has decided to impose a 24-hour curfew in Makkah and Madina while tightening precautionary measures for the
saudi royal family

Dozens of Saudi royal family infected with coronavirus: report

Riyadh: 150 members of the Saudi royal family have been diagnosed with Coronavirus.   According to a US newspaper The