Little Explanation For Rising Food Prices - The Reykjavik Grapevine

Little Explanation For Rising Food Prices

Published October 23, 2013

Food prices are rising with little explanation, according to the Consumers’ Association of Iceland.
Chair of the Association Jóhannes Gunnarsson told Vísir that he finds the results puzzling. “There have been no hugely significant changes that could account for this,” he said. “When the price increase goes up to 10%, the first thought is that there has been an increase in demand without any visible
means to measure it.”
The Icelandic Confederation of Labour (ASÍ) recently released the results of a survey they conducted of food prices across different grocery stores and found that food prices rose from September 2012 to the beginning of October 2013 in every grocery store in the country save for Nettó.
The greatest food price increases have been at the British grocery store chain Iceland, where prices rose an average of 16%. There was also reported a 10% price increase at Krónan and a 9% increase at Víðir. While all food categories saw things getting more expensive, the greatest price increase was for fruits and vegetables, which increased in price by as much as 25%.


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