Inflation & Prices
Pricey Pizza Weighs on Italian Wallets — Even More So at Home
- Bloomberg’s Pizza Margherita Index at 25% in January
- Cost of mozzarella cheese, olive oil continued to increase
The cost of buying a prepared pizza rose only 9.6% on the year.
Source: Getty Images
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The cost of making Italy’s classic Pizza Margherita kept rising in January as the price of mozzarella and olive oil soar and power prices stay high.
Gathering the ingredients for and using the energy to cook the quintessential Naples dish increased 25% in January from a year ago, according to Bloomberg calculations based on Istat and Economy Ministry data. The price increases slowed down for a second month and compare to a November peak of more than 30%.