Iceland is again the world’s most expensive country, surpassing Switzerland for the first time in years, calculations by a local trade union showed.
The price level in the land of fire and ice now exceeds that of Switzerland by three percentage points, said Vilhjalmur Hilmarsson, an economist at the white-collar union Viska union who used data from the Eurostat statistics body and the Icelandic central bank. Icelandic prices last topped the Swiss in 2018, according to Eurostat.