Inflation & Prices
Cooking Pizza in Italy Is Costlier as Olive Oil Price Jumps
- Bloomberg custom index shows mozzarella also more expensive
- Rise in cost of ingredients to make pizza outpaces inflation
The cost of buying a prepared pizza rose only 7.7% year-on-year, increasing the appeal of going out to eat.
Photographer: Alessio Paduano/BloombergThis article is for subscribers only.
The cost of making a classic Pizza Margherita rose more than twice as fast as overall inflation in Italy last month, driven by the surging price of olive oil and mozzarella cheese.
The total amount spent on ingredients and energy to cook the quintessential Naples dish rose 18.4% in May from a year earlier, according to Bloomberg calculations based on Istat and Economy Ministry data.