Jón Scheving

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Price survey of food products

Summary Veritabus surveyed prices last week online at Krónunni, Nettó, Hagkaupus and Heimkaupus. Changes in the food basket between August and October is 0.8% and the uncertainty is 1.5%. Therefore, these are insignificant increases. The shopping basket has decreased significantly at Nettó or by 3.3% since August. Average increase in the price of individual stores The change from

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Veritabus forecasts inflation to fall from 9.7% to 9.2%

Summary of the last Consumer Price Index. 12 months decreases from 9.7% to 9.3% acc. Veritabus estimates. Uncertainty is 0.2%. Veritabus believes that Statistics Finland will measure 9.2% inflation for the same period, and the difference is due to different timings of the measurements. Statistics Finland publishes its measurements on September 28. Subcomponents of the index Veritabus' assessment is based on the following: Food, housing and fuel have increased

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Nesnupúr buys Aflhuti

Nesnúpúr efh. has bought the established company Aflhluti ehf. (https://aflhlutir.is/) but the Competition Authority approved the purchase on September 20 last. The company located in Hafnarfjörður focuses on services to the fishing industry and contractors. The company supplies machines and spare parts to sea and land at short notice and in an economical way. Arev securities company helped the buyers with the purchase.

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Veritabus forecasts 5.9% inflation measured using the harmonized index of consumer prices

Statistics Iceland publishes the harmonized index of consumer prices for August on Tuesday, September 20. Twelve-month inflation was 6.4% in July. Veritabus believes that there have been very small price changes between months, as can be seen in the attached table: This means that twelve-month inflation falls from 6.4% to 5.9%. This can be seen in the table below: It

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Price survey of over-the-counter medicines

Summary Veritabus has in recent days checked prices at the four pharmacies that have online stores. It seems that medicine prices have decreased by almost 3% since November last year (ASÍ price survey). The price gap between pharmacists has decreased considerably. Lyfjaver still has the lowest price. There is a considerable difference in the return shipping fee for purchases that are lower

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Veritabus forecasts 9.8% inflation in August

Summary of the last Consumer Price Index. 12 months decreases from 9.9% to 9.8% acc. Veritabus estimates. Uncertainty is 0.3%. Veritabus believes that Statistics Norway will measure 10.0% inflation for the same period, and the difference is due to different timings of the measurements. Statistics Norway publishes its measurements on August 30. Sub-components of the index It is likely that the Statistics Finland's measurements will be as follows: Food, housing

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Veritabus forecasts 9.5% inflation in July

Inflation items Items Change between months Change in one year Uncertainty (+/-) Food and beverages 1.5% 9.4% 0.6% Alcohol and tobacco 0% 2.4% 0.1% Clothing and footwear -6.9% -1.7% 0 , 2% Housing, heating and electricity 2.2% 15.3% 1.3% Furniture, household appliances, etc. -0.9% 3.5% 0.3% Health 0.9% 3.6% 0.1% Travel and transportation 2.8% 15.2% 0.6% Mail and

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Food price survey in July 2022

Average price increase for individual stores The change from the basket survey conducted by Veritabus in early June is as follows: The table shows that the weighted increase in food prices during the period is around 1.5%. Veritabus also examined basket changes at Tesco in the UK and Mercadona in Spain. The following changes were in prices since the beginning of June: Commodity prices

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