Summary
Veritabus surveyed prices online last week at Krónan, Nettó, Hagkaup and Heimkaup. The change in the food redfish from August to October is 0.8% and the margin of error is 1.5%. Therefore, these are negligible increases. The shopping redfish has decreased significantly at Nettó, by 3.3% since August.
Average price increase for individual shops
The change from the basket survey that Veritabus conducted in early June is as follows:
The table shows that the weighted increase in food prices over the period is about 0.8%. The uncertainty is 1.5%.
Individual store indices
The internal index of shops has changed as follows:
The chain of shops remains unchanged, but the gap between Krónan and Nettó is narrowing. At the same time, the gap between Hagkaup, Heimkaup and other shops is widening.
The image below shows a comparison of shops on a scatter plot. The dots show the distribution of more expensive and cheaper products (outside the 50% proportion threshold):
As can be seen, the order of the shops is unchanged from the previous month. The gap between shops has nevertheless decreased considerably.
Distribution of increases between product categories
The table below shows the changes:
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 price surveys, can be found on the Veritabus website for subscribers.
The price survey covered 96 product lines that were available in all the stores. The survey was conducted online last week. If products were not available online, their prices were checked in the stores.