31–40 of 72 posts
Seems the real story here is climate change significantly increasing the price of a staple food. “Pasta is cheap anyway” is such a privileged point of view.
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Based on the article, it seems that the rise in grain price is closely linked to difficult weather conditions across key grain farming areas. Do you have any data to suggest that modern monetary theory is a more important factor here? Edit: maybe that's not what you're suggesting, anyway, still curious.
In the EU it seems weather and leaving more land uncultivated. So in some ways a planned price increase by lowering production. https://www.world-grain.com/articles/13660-usda-eu-grain-out...
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> Anyway going from 2-3€/kg to 2,3-3,6€/kg wouldn’t make big difference. The article shows that durum wheat prices have increased by more than 50%. So assuming that the dominant factor in the price of pasta is the price of wheat, the price rise would be more like going from 2-3€/kg to 3-4.5€/kg
The price seems to be 500€ but per what? Per ton? Then durum wheat is 50 cents/kg so in that case it would not be the dominant factor.
Cheap brand pasta are barely more expensive than that (0.7-1.2€/kg), so that sounds like that's the dominant factor at least for some brands.
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I don’t understand what is your “surprise”, anyway yes here in Italy the pasta is cheaper, but if the price will rise, it should be about 0,20-0,40€/kg. There’re a lot of articles about this also in Italy, in example: "I know that Lidl has already increased the price of pasta by 10 cents - he adds - and I expect that well before Christmas everyone will expect increases between 15 and 20 cents per package". https://ww…
>I don’t understand what is your “surprise” As I said, pasta ranges in price very widely here. So do coffee and wine. So I do not know what it means when somebody says coffee costs and wine costs . How can it be so standardized?
For instance you can say that wine in the UK costs on average 9£ per litre and that cheap wine cost 5-7£ per litre (I’m making up numbers).
Italian here. I don’t see this price increase at the moment. Anyway going from 2-3€/kg to 2,3-3,6€/kg wouldn’t make big difference. Pasta is already very cheap. Instead I see the inflation rising in the fruit and vegetables prices! There’s a 25-30% increases since the beginning of the 2021.
It could be much more by the end of the year, according to the article. Although to be honest i've never bought pasta that expensive (usually i buy < 1.5€/kg here in France).
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Wow. Just a few Kms across the Mediterranean, Pasta sells for around 0.29€/kg. Also, this is the "favorite?" food for people who have tight incomes, so they might be very sensitive to these changes. > Instead I see the inflation rising in the fruit and vegetables prices! There’s a 25-30% increases since the beginning of the 2021. It's only a matter of time it spreads to the rest of the basket. I guess the pro-MMT fol…
Based on the article, it seems that the rise in grain price is closely linked to difficult weather conditions across key grain farming areas. Do you have any data to suggest that modern monetary theory is a more important factor here? Edit: maybe that's not what you're suggesting, anyway, still curious.
I'm not surprised wheat is touched too.
My only gripe is that prices usually don't come down when the original problem causing the spike went away (say one or two years after). I'd like to understand why but feel it's one of these questions I'm not going to like the answer...
Earlier quoted context omitted.
Wow. Just a few Kms across the Mediterranean, Pasta sells for around 0.29€/kg. Also, this is the "favorite?" food for people who have tight incomes, so they might be very sensitive to these changes. > Instead I see the inflation rising in the fruit and vegetables prices! There’s a 25-30% increases since the beginning of the 2021. It's only a matter of time it spreads to the rest of the basket. I guess the pro-MMT fol…
I'm pro-MMT, not hiding. From the article, that you obviously didn't bother to read: "Drought and heat continued to hurt the wheat harvest in July in Canada, the world’s biggest supplier of durum wheat, months after a harsh winter hit the Russian crop. Grain shipments from Western Canadian port terminal elevators tumbled 41% in the third week of August from a year-ago, according to a Quorum Corp. report. European cro…
Is there a reason why every price increase is referred to as "inflation" these days? I thought inflation had more to do with debasement of a currency than price fluctuations due to supply and demand, with the key functional distinction being that the former can be hard to reverse while the latter can self-correct given time (e.g. the lumber price increase we saw this summer).
When everything conflates to inflation, it stops people from realizing the real inflation happening right under them.
Seems the real story here is climate change significantly increasing the price of a staple food. “Pasta is cheap anyway” is such a privileged point of view.
Well it's not a big deal for people in Europe if grain prices go up or down by 50% so the headline is a bit ridiculous. Nobody in Italy is going to starve.
I mean the nonprofit giving them food flyers were all 'give veggies, fruits, bottled/canned sauce, they're already only eating pasta and we've got them on that.'
I was a penniless student minmaxing food price/consumption, but this is a slaughter.