Iceland is no longer Europe’s most expensive country when it comes to grocery shopping. According to Statistics Iceland, last spring, the average price of groceries was 4 percent higher here than in EU states. Ruv.is reports this today.
Photo by Eygló Svala Arnarsdóttir.
Food prices in Iceland are now similar to those in Sweden. Fish costs 20 percent less than in 27 EU states, and dairy products cost 9 percent less than the average EU price.
This change can first and foremost be explained by the Icelandic króna’s rate against the Euro.
The most expensive countries when it comes to grocery shopping, out of the 36 European states which participated in the survey are Norway, Switzerland and Denmark.
Prices were 54 percent higher in Norway than the European average, 41 percent higher in Switzerland and 39 percent higher in Denmark.
Iceland, where groceries were the most expensive four years ago, now shares 13th-14th place with Sweden.