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COST OF LIVING

UPDATED: Which supermarket in Norway is the cheapest?

A cost-of-living crisis in Norway means everyone is feeling the squeeze, and people are cutting back. So, where can you get the cheapest groceries in Norway? 

Pictured is a supermarket.
This is what you need to know about selecting the best supermarket in Norway. Pictured is a supermarket. Photo by Claudio Schwarz on Unsplash

Groceries in Norway are among the highest in Europe, according to figures from the EU’s data agency Eurostat

Out of the countries monitored by the stats agency, only Switzerland had a higher price level index. A price level index measures the price levels of a given nation relative to other countries. This means that compared to the rest of the other countries measured, food and non-alcoholic beverages in Norway are the second most expensive overall. 

High grocery prices in Norway have been made even worse by soaring costs elsewhere, be that rising rents, skyrocketing energy bills, interest rate hikes or high inflation in general. 

Therefore, getting the best deal is even more important than ever. So which store in Norway does the cheapest groceries? To answer that, we’ll need to explain a few things first. 

The supermarkets 

So in Norway, there are four large supermarket groups. These are Norgesgruppen (which runs Jakobs, Kiwi, Meny, Spar, Joker and Nærbutikken), Coop (Coop Extra, Coop Mega, Coop OBS, Coop Prix), Rema and Bunnpris. 

Out of those options, Rema, Kiwi and Coop Extra have long positioned themselves as the cheapest option available to consumers. 

Furthermore, stores like Meny and Jakobs try and position themselves as the more upmarket option for discerning customers. In addition, these two, along with Coop Mega, will have a larger and more varied product selection. 

Which is cheapest? 

Some sites and publications in Norway take the time to crunch the numbers and test which is the cheapest supermarket in practice. 

One of Norway’s biggest news publications, VG, does regular price comparisons for a typical shop between the stores. 

Its most recent index, published after supermarkets adjusted prices at the beginning of February, compared the chains battling it out for the title of Norway’s cheapest. 

 A shopping cart full of Norway’s most popular products was the cheapest at Kiwi, according to VG’s food price index.

Following the price adjustments at the beginning of February, several publications reported that Kiwi chose to freeze the prices on hundreds of items while competitors Coop Extra and Rema raised prices. 

Shortly afterwards, Rema and Coop moved to drop prices too, which shows in VG’s results as the same goods from Rema were just four kroner cheaper. Extra and delivery service Oda came in third and fourth, being just half a percent cheaper. 

This doesn’t tell the whole story 

While Rema, Kiwi and Coop Extra have traditionally been the go-to for more price-conscious consumers, there are a few more things you’ll need to know before deciding which is cheapest for you. 

First up, you need to consider how you would like to shop. In Norway, significant savings can be made when using websites which compile customer offers so you can make sure you are constantly shopping around for the products you buy the most. 

When using sites like Mattilbud, the cheapest supermarket might change week to week, or there might not be a cheapest supermarket overall, and you will need to shop around. 

READ ALSO: Six apps to help you save money on your food shopping in Norway

On the topic of shopping around, it is almost always cheaper to buy your fruit and vegetables from small international food stores. 

However, another option is sticking with just a single supermarket for most of your shopping and trying to save more in the long run by making the most of a loyalty program. 

Supermarket loyalty programs are one of the best ways to save a pretty penny on your shopping bill. There are also a few different ways they can be utilised to help you save money too.

Trumf, which covers Meny, Kiwi and Joker stores, offers cashback on purchases and discounts. 

These offer a great way of saving money passively. For example, with Trumf, you can either use the cash back you’ve accumulated to save on your next trip to the tills or have it deposited straight into your bank account.

To become a Trumf member, you must have a Norwegian phone number and bank account. You will then need to link a debit card to your account.

There are also days when you receive extra cashback or discounts on fresh fruit and vegetables. 

Rema customers can sign up to Æ, which offers 10 percent off all fresh fruit and vegetables and 10 percent off of your ten most frequently bought items, meaning you can save money on the things you buy the most.

The main drawback to the Coop loyalty scheme is the initial outlay. Unlike the other loyalty schemes, you will need to fork out to become a part owner of the supermarket chain. You do, however, get members-only offers and cashback, which is paid out once a year and can earn interest. 

So, you may want to choose the supermarket with the best loyalty scheme for your needs. Thankfully, if all this loyalty scheme talk is making your head spin, you can figure out the best one for you with this calculator from Smartepenger. You will need some Norwegian language skills (or google translate) to use it, though.  

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For members

ECONOMY

What lower inflation in Norway means for you 

Inflation in Norway continues to slow. However, the cost of living in the country isn’t slowing as quickly as economists expected. Here’s what that means to you. 

What lower inflation in Norway means for you 

Inflation is slowing 

Norway’s Consumer Price Index, CPI, which measures changes in prices for household goods and services, has slowed yet again. 

Between April last year and the same month this year, prices in Norway rose by 3.6 percent. It marks the third time that price increases have been below four percent since the start of 2022. 

The figures, released by Norway’s national data agency Statistics Norway, mark the fourth month in a row where the 12 monthly inflation figure has been lower than the yearly figure from the month before. This means prices are rising less rapidly than before. 

“Price growth decreased for the fourth month in a row in April. Prices are still higher than they were at the same time last year for most goods and services, but they are generally rising more slowly than before,” Espen Kristiansen at Statistics Norway said. 

Food remains one of the biggest contributors to inflation 

The price of food and non-alcoholic beverages rose by 3.3 percent from March to April, according to Statistics Norway. 

Chocolate, soft drinks, coffee, and citrus foods saw the biggest price increases, which the national data agency called “unusual.” 

What wasn’t unusual, however, was the cost of food rising following Easter, when many supermarkets ran offers to compete for customers. 

“The rise must be seen in the context of the fact that large offer campaigns in connection with Easter dampened prices in March,” Kristiansen said. 

The figures for April show that food prices in Norway have increased by 6.8 percent compared to a year ago. 

The rising cost of food and drink in Norway could potentially outgrow wages this year, even if expected pay bumps will outpace forecasted inflation overall. 

Economists expected inflation to fall more 

Inflation hasn’t eased as much as some experts were expecting. Core inflation, which excludes energy prices and taxes, was measured at 4.4 percent year on year in April. This is above what economists surveyed by the newswire Reuters expected. 

Norges Bank, the country’s central bank, raised the policy rate to a 16-year high of 4.5 percent in December. The bank has said that inflation should generally be around two percent, so it has used interest rates to curb price increases. 

As inflation isn’t falling much quicker than expected, economists predict that the central bank may wait until December before slashing rates – which for consumers means that loan and mortgage repayments will remain high for the foreseeable future. 

“The fall in inflation has not been much greater than Norges Bank has thought. This, therefore, indicates that an interest rate cut may come in December instead of September,” Kjersti Haugland, chief economist at DNB Markets, told public broadcaster NRK

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