From Iceland — Icelanders Buying More Computers, Less Groceries

Icelanders Buying More Computers, Less Groceries

Published March 15, 2013

Icelanders were upgrading their electronics this winter. The sale of computers in February was 29% higher than in the same month last year, with the sale of mobile phones following suit, increasing by 25% year over year, RÚV reports.
By comparison, the sale of groceries decreased by 1.2% in February 2013 compared to the same month in 2012, possibly because the average cost of groceries increased by 5.8% for the same period.
Overall the average spending of households was 10.2% higher this February than it was last year.
Foreigners shopping with their credit cards spent 4.9 billion ISK in February, a 50% increase from the year before, according to figures from the Central Bank.

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