Pasta panic: Italy holds crisis meeting to address soaring prices

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Pasta panic: Italy holds crisis meeting to address soaring prices
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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.

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