Enjoying one of Italy’s classic dishes is now 30 percent more valuable.
According to the Bloomberg Margarita Index, the average cost of cooking pizza margaritas rose almost 30 percent in December from a year ago.
This figure is considerably higher than the 12.3 percent inflation rate announced last month due to increased power and food.
The index is based on data from Italy’s national statistics institute and finance ministry, which includes rising prices for key ingredients such as benchmark flour, tomatoes, mozzarella cheese and olive oil.
Also included in the calculations is the electricity consumption required to cook pizza with the electric domestic oven.
The cost of making margherita pizza at home increased much faster than opting for a pre-made version.
Besides energy, the highest cost increase in the index during this period was mozzarella, up almost 27 percent, and a little over 22 percent. underincreased flour.
While not everyone makes pizza at home, these and similar items stand out as fairly common items in a typical residential shopping cart.