Price of Food in Iceland Increases by 25 Percent Skip to content

Price of Food in Iceland Increases by 25 Percent

The price of groceries in Iceland has increased by more than 25 percent in the past 12 months, according to a survey conducted by the Confederation of Labor (ASÍ) on the price of general food products and beverages from ten chain stores.

From a grocery store in Reykjavík. Photo by Eygló Svala Arnarsdóttir.

The price has increased the most at the “budget stores,” the survey concluded, including Kaskó, Nettó, Bónus and Krónan. The cost of groceries from these stores has increased by 20 to 31 percent in one year, Fréttabladid reports.

At the other end of the spectrum, the price of groceries from “service stores” has not increased as much in comparison: by 15 percent at Nóatún and 12 percent at Hagkaup.

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