[economy] something rotten in the state of iceland

Yes there’s greed everywhere – even in sleepy hollow. Budget supermarkets in Iceland have raised food prices in many instances by 10-20 percent since January and the price index for comestibles has gone up by 6.4 percent. The Icelandic Federation of Labour states that there has been a notable increase in the price of dairy products. The price for bread and grains has also gone up, whereas the price of fruit and vegetables tends to rise and fall according to the season. Last year there was a major price war between chains, plus some of the comestibles are produced domestically. In other words, there’s no real excuse.