A vendor in Italy, where record-high wheat prices are forcing up the price of pasta by 10 percent.
(By Antonio Calanni -- Associated Press)
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Pasta Costs to Increase
Italy, the world's largest consumer of pasta, faces a large price increase as the cost of wheat climbs to record highs, the chief executive of the nation's largest flour miller said.
"The price of pasta has been increased by 10 percent. That's only the beginning," Antonio Costato said. Record prices for foodstuffs have driven up costs for food companies and complicating efforts by some central banks to reduce borrowing costs.
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Cocoa Price Highest Since '03
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