According to a new report from the Nordic Competition Authorities food prices in Iceland are 42% higher in Iceland than in EU countries. At the same time there is a narrower range of food products available in Iceland and Norway.
The Nordic Competition Authorities examined the food markets in the Nordic region. According to the report food prices tend to be higher in the Nordic countries compared to other European countries.
According to the report Baugur controls 47% of the retail market in Iceland. The Icelandic Competition Authorities pointed out that since the report was completed Baugur has added food stores in Iceland.