Food basket highest in Reykjavík of Nordic capitals Skip to content

Food basket highest in Reykjavík of Nordic capitals

Food prices in Reykjavík are the highest on average in all the Nordic capitals save for Oslo, according to a study conducted by the Icelandic Federation of Labour which is covered extensively in Fréttabladid today. The common consumer products examined in the study were, when grouped together in a basket, most expensive in Reykjavík. Fréttabladid quotes two experts as saying that the cause of high food prices in Iceland is primarily tariffs on the imports of agricultural products, designed to protect Icelandic farmers. If these were abolished it would have a substantial effect in lowering food prices in the country.

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