Italian Pizza-Making Cost Remains High on Pricey Olive Oil
- Bloomberg custom index shows olive oil price up almost 27%
- Rise in cost of ingredients to make pizza outpaces inflation
A classic Pizza Margherita.
Photographer: Francesco Riccardo Iacomino/Getty Images
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The cost of cooking a classic Pizza Margherita continued to rise at a pace more than twice that of overall Italian inflation as olive oil prices soared.
The total amount spent on ingredients and energy to cook the Neapolitan specialty increased 14% in June from a year earlier, according to Bloomberg calculations based on Istat and Economy Ministry data. Olive oil prices shot up almost 27% contributing to the jump.