- The price of food in shops in Iceland is 42% higher than in EU countries. Import restrictions on agricultural products appear to be the main reason.
- The range of products in supermarkets in Iceland and Norway is smaller than in EU countries.
- Concentration in the food market in the Nordic countries is greater than in other European countries. Iceland is no exception.
- The Competition Authority intends to place a strong emphasis on monitoring competition practices in the food market and is calling for views on prioritisation. It is unacceptable that Icelandic consumers have to pay much higher prices for food than other Europeans. Attention will be focused on competition barriers due to oligopoly in the food market and the effects of import restrictions on agricultural products.
The press release
Attachment to the press release
The report
Slides from the press conference
