Veritabus price survey, May 2022
I. Summary
The price of a food basket for a family of four rises by 3.1 per cent month-on-month. An increase
the basket since October 2021 is 8.6 per cent, which is 2.6 per cent higher than the change in
Consumer Price Index for the same period. The uncertainty in the measurement is 1.5 per cent.
II. Basket survey
Veritabus surveyed the price of a shopping basket consisting of 35 items from all product categories. Price
The basket was priced between 22,000 and 27,000 krónur. The following changes had been made to the basket since
ASÍ survey 29 March 2022:
The weighted average increase of the basket is 3.1 per cent and the uncertainty is 1.5%. A large increase is noteworthy.
a dairy product which is twice as high as another increase, as can be seen in the table which appears to be related.
significant price increases from the Dairy Cooperative. Below are examples of increases on the price list
The dairy cooperative, as published on its website:
The image below shows the development of price increases over the past 13 months:
Food prices have therefore risen considerably more than other items in the index over the past seven months.
however, it rose little from late March to September 2021 (by 1%).
The increase is 3.1 per cent since the end of March, according to measurements by Veritabus.
III. Indexes of individual shops
Indices for product prices in individual shops were calculated. The figure shows the medians and
The averages in the May survey.
IV. About Veritabus and the price survey
Veritabus is a sister company of the Arev securities firm. All Veritabus price surveys, as well as other public
The price list can be found on the Veritabus website for subscribers.
135 product lines were surveyed. All retail chains had more than 110 items. If a product line was not available, it received
median price of other stores. The basket survey included a total of 47 product categories and 37 individual products. Uncertainty was
lower than in previous surveys, as the increases were largely confined to certain product categories. The survey was conducted.
until last week in shops and online. In the shops, prices were read from the shelf labels.
One retail chain was selected from each of the three largest market players, as well as from Heimkaupa, but all
What these chains have in common is that they have a good selection of groceries online. The price was
Originally checked online, but if anything was unclear or a product was priced in-store, it was checked.
especially.