Matvöruverð
Matvöruverð is the term used for the prices of grocery and everyday food items in Icelandic discourse. It refers to the cost of a typical basket of groceries and is commonly monitored as part of the broader consumer price index. The concept covers staple foods, beverages, and household goods purchased for regular consumption.
Measurement and scope typically involve collecting prices for a representative basket of grocery items from a
Importance lies in its use for assessing the cost of living and inflation. Changes in matvöruverð influence
Factors affecting matvöruverð include global commodity prices, exchange rates, transportation and logistics costs, taxes and subsidies,
Data sources and usage: In Iceland, official statistics agencies publish monthly figures on the consumer price