Tag

Pasta Prices

All articles tagged with #pasta prices

economics2 years ago

Socialist Policies Tackle Pasta Inflation

Italian consumer rights group, Assoutenti, has called for a consumer "pasta strike" for fifteen days, blaming corporate profiteering for the surge in pasta prices, despite wheat prices being down significantly. This echoes a successful effort in 1914 by the Providence, Rhode Island Italian Socialist Club to resist price gouging by the "Macaroni King" Frank Ventrone. The lesson is that prices and inflation are not mechanical forces of nature, but always the outcome of multiple social forces, and that collective bargaining through a socialist organization tempered the monopoly power of a local retailer, bringing prices closer to the "competitive price."

business2 years ago

Italy's Pasta Prices Reach Crisis Point, Government Holds Summit with Producers.

Italy's government held crisis talks to address the skyrocketing prices of pasta, which have risen by more than double the rate of inflation. Despite the falling price of durum wheat, the cost of pasta has increased by 17.5% in March and 16.5% in April compared to the same periods a year earlier. The government hopes the market will correct itself, and the latest price surveys show weak signs of a decrease. Italy is the world's No. 1 pasta exporter, with an average Italian consuming about 23 kilos of pasta per year.

politicseconomy2 years ago

Italy's Pasta Prices Reach Crisis Point, Government Holds Summit with Producers.

Italy's government has convened talks to address the skyrocketing prices of pasta, a staple food in the country. The price of pasta has increased by 50% in the past year due to inflation and supply chain disruptions caused by the pandemic. The government is considering measures such as reducing taxes on pasta production and increasing subsidies for wheat farmers to alleviate the situation.