Iceland

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Alcohol prices in Iceland still climbing

In Iceland there is a state monopoly of all alcoholic beverages and in the New Year a further price raise has been announced. With that raise the prices of alcohol will have risen over 100% since Iceland’s 2008 financial crash according to a report by Vidskiptabladid.

Advertising of all alcoholic beverages, i.e. beverages over 2.25 per cent alcohol by volume, is prohibited by the Alcohol Act and the Vinbudin has complete monopoly.

Beverages are sold in Vinbudin, a chain of stores run by the Icelandic alcohol and tobacco monopoly ATVR, locally called Rikid (the State). It’s Iceland’s sole legal vendor of alcohol for off-premises consumption.

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