Skip to Content
News

Pasta and Olive Oil Prices Are Spiking In Italy. Americans Are Feeling The Pain Too

bowl being poured with yellow liquid

Olive oil prices are up nearly 50 percent this year. Photo: Pixabay on Pexels.com

You may have noticed that the prices of two Italian food staples, pasta and olive oil, are higher than usual lately. A pasta cost crisis in Italy brought about by supply chain issues and inflation, and severe droughts throughout the olive-growing regions in the Mediterranean, are starting to have an effect in the United States.

The price of pasta in Italy has caused such alarm that the Italian government convened a crisis meeting last month. According to Reuters, Italian Industry Minister Adolfo Urso sought to monitor surging prices for pasta, which rose by more than double the national inflation rate. Reports have shown that consumers in Italy are seeing pasta costs rise by more than 17 percent from this time last year.

Meanwhile, droughts in Spain, Italy, and Greece, have led to a scarcity that has driven up the price of olive oil by more than 40 percent worldwide.

The most recent economic data for pasta prices shows rates of just under $1.50 per pound in the U.S. between February and April, up more than 20 cents per pound from 2022. 

“Prices are definitely up from last year,” says Louis Collucio, Jr. owner of A.L.C. Italian Grocery in Bay Ridge, Brooklyn. He attributes the rise in pasta and olive oil prices to a perfect storm of issues, including “transportation costs, fuel costs, labor costs, overhead—everything has gone up.”

Collucio, whose family owns D. Colluccio & Sons, an Italian specialty importer and retail shop in Brooklyn, says that while prices are noticeably higher, they may be “leveling a bit.” He attributes this not to an improving economic climate but to consumers pulling back on spending, resulting in companies lowering their prices. 

If that’s the case, economists angling for ways to curb inflation will be happy to hear it, as will budget-minded shoppers who love their pasta and olive oil.

Already a user?Log in

Thanks for reading!

Register to continue

See all subscription options

Stay in touch

Sign up for our free newsletter

More from Appetito

Spent Coffee Negroni: The Perfect Sustainable Cocktail

Don’t let your coffee grounds go to waste. Infuse them in an Italian bitter aperitif to make a Negroni that’s also a nod to sustainability.

May 24, 2024

Gran Caffè Gambrinus in Naples is Indeed Grand

Our contributor endures the crowded bar at Gran Caffè Gambrinus for a specialty coffee and a slice of the chaos that defines Naples.

May 23, 2024

Pizza City Fest Nashville Announced

Chicago pizza expert Steve Dolinsky’s festival will expand to its third city in the fall of 2024, bringing regional pies to Music City.

May 21, 2024

The Bicicletta Cocktail, a Milanese Classic

In an excerpt from her book, Stuzzichini, Stef Ferrari revisits a beloved spritz from Milan made with Campari, white wine, and soda.

May 21, 2024
See all posts