Not just electricity and gas bills. The rise in the cost of raw materials may also have repercussions on the prices of retail goods such as bread and pasta. Assoutenti and Movimento Consumatori have calculated that the increase in the energy bill could have cascading effects on all prices and tariffs, involving food and transport and reaching the entire production chain. Thus leading to a sting of almost 1,300 euros per family per year. The calculations of the two associations estimate indirect effects on retail price lists for 768 euros per year per family. Of these, 140 euros only for food and 174 euros for transport. With the extra 500 euros in the bill, the sting is close to 1,300 euros a year per family.
The rise in prices of retail goods is a consequence of the increase in the cost of raw materials. In turn linked to the increase in the prices of the energy needed to produce them. The morning writes today that a perfect example is that of bread and pasta, for which an increase of one euro per kilo is feared. “We have noted significant increases, in particular for semolina which reached 30/40 euros per quintal, and for soft flours which reached 10 euros”, explains Domenico Filosa, president of Unipan Campania Confcommercio. The increased costs of raw materials are bound to be passed on to consumers. Confesercenti calculated in July 2021 an increase in prices at origin equal to 10% compared to the previous year for durum wheat and 17.7% for common wheat.
And again: according to a local shopkeeper, flour is about to increase from 5 to 10 cents per kilo and for this reason there are fear of increases from 50 cents to one euro for bread. Among the basic necessities, however, the price of pasta has already increased: “The cost of semolina has risen and so we are forced to go from 3.60 to 4 euros per kilogram”, says Gianni Pacella of the pasta factory “Il re della pasta” of Gragnano. The prices of tomatoes also doubled due to the tinplate of the can. The prices of national durum wheat, on the other hand, came to a halt at the beginning of September. This can be seen from BMTI’s analysis of the cereal market based on data from the national Chambers of Commerce and Commodity Exchanges. In any case, current prices are close to 500 euros per ton, or 60% more than in 2020. Prices also slow down in September for soft wheat but remain up by 35% compared to a year ago.