Italy calls a crisis meeting after pasta prices jump 20%

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Italy calls a crisis meeting after pasta prices jump 20%
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Italian officials are investigating why macaroni prices have risen by more than twice the rate of the country's overall inflation.

That means Siena residents are now paying about $1.08 a pound for their fusilli, up from 68 cents a year earlier.

Pasta is typically made with just durum wheat and water, so wheat prices should correlate with pasta prices, activists argue. But the cost of raw materials including durum wheat have dropped 30% from a year earlier, the consumer rights group Assoutenti"There is no justification for the increases other than pure speculation on the part of the large food groups who also want to supplement their budgets with extra profits," Assoutenti president Furio Truzzi told the Washington Post.

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