Iceland is not a cheap holiday destination. Which is why many foreign travelers choose to self-cater their vacations, shopping at grocery stores rather than eating out at restaurants. But what is the cheapest grocery store in Iceland?
What's the cheapest supermarket?
Based on the most recent consumer study conducted by the Icelandic Federation of Labor, ASÍ, conducted on October 10, 2018, a basket of groceries and common household supplies is cheapest at the discount supermarket Bónus. The second lowest prices were found at Fjarðarkaup supermarket in the Reykjavík suburb of Hafnarfjörður. The same study found that the supermarket Iceland is the most expensive option.
Previous studies have shown that prices at the supermarket chains Nettó and Krónan are usually very similar to those found at Bónus.
The study compared the price of 89 different items, including groceries as well as cleaning supplies and hygine products. Bónus offered the lowest prices for 54 of these items. For 54 of the studied items the supermarket Iceland offered the highest prices.
Those króna add up quick!
Choosing the cheapest option adds up, as the study found that for a third of the items checked the difference between the lowest price and the highest price was 60% or more. The local newspaper Fréttablaðið notes that in 16% of cases the difference was more than 90%.
It should be noted that prices at supermarkets change, and by taking advantage of promotions or buying in bulk, for example at Costco, consumers can reduce their expenditures significantly.
Iceland is not a cheap holiday destination. Which is why many foreign travelers choose to self-cater their vacations, shopping at grocery stores rather than eating out at restaurants. But what is the cheapest grocery store in Iceland?
What's the cheapest supermarket?
Based on the most recent consumer study conducted by the Icelandic Federation of Labor, ASÍ, conducted on October 10, 2018, a basket of groceries and common household supplies is cheapest at the discount supermarket Bónus. The second lowest prices were found at Fjarðarkaup supermarket in the Reykjavík suburb of Hafnarfjörður. The same study found that the supermarket Iceland is the most expensive option.
Previous studies have shown that prices at the supermarket chains Nettó and Krónan are usually very similar to those found at Bónus.
The study compared the price of 89 different items, including groceries as well as cleaning supplies and hygine products. Bónus offered the lowest prices for 54 of these items. For 54 of the studied items the supermarket Iceland offered the highest prices.
Those króna add up quick!
Choosing the cheapest option adds up, as the study found that for a third of the items checked the difference between the lowest price and the highest price was 60% or more. The local newspaper Fréttablaðið notes that in 16% of cases the difference was more than 90%.
It should be noted that prices at supermarkets change, and by taking advantage of promotions or buying in bulk, for example at Costco, consumers can reduce their expenditures significantly.
