From Iceland — Grocery Prices Continue To Rise

Grocery Prices Continue To Rise

Published June 24, 2013

The Icelandic Confederation of Labour (ASÍ) has found that the cost of groceries in Iceland have increased by up to 4.9% since January. During this same period inflation was just 2%.
In conducting their regular price surveys of groceries across a wide range of shops in the country, ASÍ found that the greatest price increases were at the so-called “discount” shops, RÚV reports. The cost of grocery baskets at Bónus and Iceland increased by 4.2%, while Víðir’s basket increased by 1.9%. The greatest increase has been at Nettó, where the cost of the average basket of groceries has increased by 4.9%.
However, the cost of a basket at Hagkaup actually declined by 2.3% since January.
In conducting their price surveys ASÍ sends ‘secret shoppers’ to fill a basket of general grocery items – breads, cereals, pasta, meat, fish, vegetables, fruits, coffee, soda, juice, and cosmetic products.

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