Price of Fish in Iceland Doubles in a Decade Skip to content

Price of Fish in Iceland Doubles in a Decade

The price of fish in the Icelandic market has increased by 93.3 percent since 2000, as stated in Statistics Iceland’s report on the development of the consumer price index. This means that if one kilo of fish cost ISK 1,000 one decade ago, it costs almost ISK 2,000 (USD 17, EUR 12) now.

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Icelandic cod. Copyright: Icelandic Photo Agency.

“The price of fish has skyrocketed. It has become a luxury. Every kilo is fought for. We have started to sell fish with the lowest possible markup,” commented Ólafur Júlíusson, purchasing manager for meat and fish at Krónan supermarkets, to Morgunbladid.

In other developments, the price of coffee has increased by 78 percent in the same period, the price of meat by 48 percent and of fruit by 52 percent.

For every two kilos of meat and fruit one can buy today, around three kilos could have been bought for the same price in 2000.

When asked what has caused this significant increase in the price of meat and fish, Júlíusson replied that high prices in foreign markets and a weak exchange rate are the main reasons, at least in the past few years.

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