welcome to HCM.
After reading your problem there are following possibilities:
1. Lipoma – fatty tissue collection under the skin
is a benign tumor
primarily composed of fibrous and connecting tissues.
3. Sebaceous cyts: collection of fatty (keratinous) substance that resembles cottage cheese
But in none of these three conditions we find itching to be a prominent symptom, as all of these are asymptomatic conditions.
A 4th condition worth mentioning is scabies
which is contagious infection by a mite causing severe itching
as you described but it does not represent itself as Flesh Colored Bumps described by you.
In your part there is something which is missing. You need detailed examination by dermatologist
or surgeon. Even if there is some confusion a simple biopsy will give us the best of diagnosis.
Please do give us a follow up.
Hope this helps,
With best wishes for your health
Dr Sanjay K Kanodia