Olive Oil Shock Keeps Cost of Making Pizza Margherita High
- Condiment’s price growth due to devastating drought in Spain
- Bloomberg Pizza Margherita index up double rate of inflation
A Pizza Margherita
Photographer: Alessio Paduano/BloombergThis article is for subscribers only.
The cost of making a classic Pizza Margherita at home rose at more than twice the pace of overall inflation in Italy last month as olive oil prices soared by close to one-third.
The condiment found in most Italian kitchens saw the biggest increase among the staples tracked by Bloomberg’s Pizza index, which is based on Istat and Economy Ministry data.