A hike in the cost of wheat is alarming French households who fear a possible rise in the price of the prized baguette, seen by many as a barometer of the country's economic health.
Many boulangeries around France are putting up signs, warning customers that the long, crunchy staple could be going up in price by 3 to 5 centimes , from its average of about 89 centimes .
Energy prices are affecting the Italian food chain, too, with expectations they will push up the cost of drying grains. That could eventually raise the price of bread and pasta at supermarkets, but meat and dairy aisles are even more vulnerable as beef and dairy farmers are forced to pay more for grain to feed their animals and pass the cost along to customers.
Marc Cohen, a 35-year-old father of two, said outside his local baker in the Le Marais area of central Paris that rising baguette prices "would be a pain in the neck. Costs are going up everywhere. Even 5 centimes is a lot because we get one every day. That adds up over the year, and next year it will probably be the same."
The product's zenith did not come until the 1920s, with the advent of a French law preventing bakers from working before 4 a.m. The baguette's long, thin shape meant it could be made more quickly than its stodgy cousins, so it was the sole bread that bakers could make in time for breakfast.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shopify’s third-quarter results eclipsed by fourth-quarter fearsAnalysts say concerns about a deceleration in global e\u002Dcommerce have weighed on shares
Read more »
Asian stocks fall after Australia inflation acceleratesAsian stock markets fell Wednesday after Australian inflation increased, highlighting global pressure for prices to rise, while investors looked ahead to U.S. economic growth data due out this week.
Read more »
New Zealand looks to reform zoning in cities. Could a similar move help ease B.C.’s housing crisis? - BC | Globalnews.caSome housing advocates in British Columbia think following New Zealand's lead could help create density in a province facing a housing crunch.
Read more »
Manulife strategists expect inflation to slow next year\u0027We think that the majority of inflation expectations are already priced in\u0027
Read more »
Twin peaks: Whether it's supply or demand, oil era heads for crunch timeMobility curbs may already be set to permanently rein in the growth of both supply and demand
Read more »
Federal Court rejects Manitoba's argument against carbon price backstopThe Manitoba government has lost a two-year-long court battle against the federal government's carbon pricing plan.
Read more »