verðið

Verðið is the definite form of the Icelandic noun verð, meaning price or cost. It is used to refer to the price of goods and services in Icelandic writing and speech and appears in both everyday language and formal economic discourse. For example, one might speak of “verðið á brauði” (the price of bread) or discuss price changes in markets.

Verð derives from Old Norse and is a neuter noun. The definite singular form verðið is formed by the definite ending -ið. The basic form of the word is verð, and related terms such as verðlag and verðbólga derive from this root.

In economic contexts, verðið functions as a signal that guides supply and demand. Changes in verðið influence consumer choices, production decisions, and market efficiency. Inflation, a sustained rise in verðið across many goods and services, is a common topic in Icelandic economic discussion. Government policies, taxes, subsidies, and exchange rates can also affect verðið.

Usage notes: verðið is most common in statements about current prices or price movements. It is often paired with other Icelandic terms to discuss pricing systems, such as verðlag (the price level) and verðbólga (inflation). The word appears across journalism, contract language, and everyday conversation when prices are being described or analyzed.