Soaring food prices, pressure on Europe

Due to soaring pasta prices, the Italian people are now shouting that there will be no further increase. The price of pasta, the staple food of the Italian people, has doubled. Still, the Italian government decided not to intervene in prices at a crisis meeting held last month. In response, a consumer advocacy group called for a nationwide pasta strike for a week starting on the 22nd. Furio Truchi, president of Asutenti, said, “The price of pasta is never proportional to the cost of production. It is to see if prices can be lowered through a boycott,” he said. Prices of flour and other ingredients used to make pasta have fallen from all-time highs in the past few months. Nevertheless, in the aftermath of rising energy and labor costs following the war in Ukraine, food prices in Europe rose more sharply than in other developed countries such as the United States and Japan. However, economists say retail profits have been stable and the problem comes down to higher costs of ...