Italy plans a crisis meeting for skyrocketing pasta prices

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Italy plans to hold a crisis meeting this week as pasta prices continue to soar.

The cost of pasta products increased almost 18 percent year-over-year in March, according to Reuters. The meeting is the first for the new committee tasked with keeping tabs on unusual movements in the marketplace. Competent authorities along with trade and consumer associations will reportedly take part.

The Italian agriculture group Coldiretti sees the increased pasta price as an “anomaly that needs clarification” in light of the value of durum wheat dropping around 30 percent over the past year.

Story via Reuters