The historically-minded might be tempted to relate this price explosion to the inflation crisis of Weimar Germany or 20th century Argentina that devastated the capacity to govern those countries. This rise in prices is unusual, especially compared to the falling price of durum wheat, from which pasta is made. We learn, for example, that the current “cost of the staple has exceeded $2.20 per kilo.” This figure enables us to calculate the financial burden pasta inflation imposes annually on the average Italian. Any cultural meme – such as the popular association of Italy with pasta – can now justify writing irresponsible copy containing misleading statistics. Could the pasta inflation crisis – if indeed it can be called a crisis — be similar?

Source: ABC News May 17, 2023 18:05 UTC