verðlagslag
Verðlagslag is an Icelandic term used in economic and policy discussions to describe the structure and level of prices within an economy. It refers to how prices for goods and services are set, change, and relate to one another across sectors, and to the overall price level that affects consumers and producers. In practice, the concept encompasses both the absolute level of prices (the price level) and the distribution of price changes among different categories of goods and services.
The concept is closely linked to inflation, purchasing power, and competitiveness. Analysts commonly examine verðlagslag through
In policy and research, the term may be used to discuss how the pricing structure impacts households,