Iceland prices rise 1.9% as it undercuts inflation

Published on The Grocer

Iceland’s food and drink prices rose below the UK rate of food inflation last month, new data shows.

The Grocer analysed the prices of 4,063 items sold on Monday 1 June 2026 and a year ago using data from Assosia.

In total those grocery items cost 1.9% more than last year, well below the ONS’s food inflation figure of 3% for April 2026, the most recent figures available.

At a category level, Iceland’s 244 bakery SKUs cost 3.6% less than last year, while the highest rises were in frozen items, which cost 3.3% more.

The findings come after a dispute with Iceland and Worldpanel by Numerator over what Iceland described as “flawed” methodology with its inflation measures.

Published on The Grocer, 4th June 2026

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