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Out of Office
One Country Makes You Mortgage Your Firstborn for Cheese, the Other Makes You Haggle for It

One Country Makes You Mortgage Your Firstborn for Cheese, the Other Makes You Haggle for It

Suki NakamuraSeptember 16, 2026 6 min read

🇮🇸 Iceland vs Peru 🇵🇪 By Suki Nakamura, Out of Office

I once paid the equivalent of eleven pounds for a small bag of cherries in a Reykjavik Bónus and did not even flinch, because by that point in my Icelandic residency I had achieved a kind of Zen acceptance of grocery-induced financial ruin. Three years later, in a Lima mercado, I spent twenty minutes negotiating the price of avocados with a woman who could clearly tell I was new to the country, enjoyed every second of my discomfort, and still gave me a fair price out of what I choose to believe was grudging respect.

Iceland and Peru represent the two poles of grocery shopping as an expat: fixed, painful, non-negotiable pricing on one end, and a full contact sport of relationship-building, theatre, and mild psychological warfare on the other. Neither system cares that you find it stressful. Adapt or pay double, quite literally, in Iceland's case.

Do's & Don'ts

🇮🇸 Iceland

✅ Do❌ Don't
Shop at Bónus or Krónan, the discount chains, religiouslyBuy anything at a 10-11 convenience store unless it's an emergency — the markup is brutal
Buy skyr and lamb, the two things Iceland does cheaper than anywhereExpect fresh produce variety in winter without paying a premium for imports
Bring your own bags — bag fees are real and judgmentally enforcedBe shocked by a 200-krona bell pepper. It's just the exchange rate laughing at you

🇵🇪 Peru

✅ Do❌ Don't
Build a relationship with one mercado vendor and stick with themPay the first price quoted, ever, at a market stall
Learn basic bargaining phrases in Spanish — it's expected, not rudeTry to bargain in a modern supermarket like Wong or Plaza Vea — fixed prices there
Go early morning for the best produce before it's picked overAssume all vendors will give tourists the same price as regulars

Iceland: Grocery Shopping as an Act of Financial Courage

Iceland imports roughly half its food, sits on a volcanic rock in the North Atlantic with a tiny domestic market and zero economies of scale, and the resulting price tags reflect every mile that lettuce travelled to get to you. The discount chains, Bónus (pink piggy logo, deeply beloved) and Krónan, are where actual residents shop, and the gulf between their prices and the tourist-trap 10-11 convenience stores is wide enough to functionally separate the population into those who know better and those who are about to learn the hard way.

What makes Icelandic grocery culture genuinely distinctive isn't just the expense, it's the narrowness of choice paired with a fierce, almost defensive pride in the handful of things Iceland does produce well. Lamb, skyr, and fish are absurdly good and comparatively affordable, a kind of consolation prize for everything else costing a small ransom. Fresh produce in the depths of winter is a greenhouse-grown, jet-lagged, sad-looking affair, and Icelanders have made their peace with this in a way that borders on Stoic philosophy — you eat what the island can reasonably give you, and you stop complaining about the cucumber selection.

There is no haggling, no market theatre, no personal relationship with your grocer beyond a nod of shared suffering at the till. It's a supermarket culture built entirely around efficiency and acceptance: you go in, you wince at the total, you leave, you never mention it to your relatives back home because they simply won't believe you paid that much for orange juice.

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Peru: The Mercado Is a Negotiation, a Social Event, and a Small Performance

A Peruvian mercado is not a shop, it's an ecosystem, and pretending otherwise marks you instantly as a tourist to be gently fleeced. Prices are fluid, adjusted in real time based on who's asking, how they're asking, and whether the vendor has decided they like you yet. This isn't dishonesty, it's simply how commerce here has always worked — a living, breathing negotiation where the "real" price only exists at the end of the conversation, not the start of it.

Expats who treat this as an inconvenience miss the actual game: build a rapport with a specific vendor over a few weeks, become a known face, greet them by name, and the prices soften considerably along with the produce quality you're offered. I had a fruit vendor in Barranco who started slipping an extra mango into my bag once she decided I wasn't just passing through — an entirely unofficial loyalty program running on pure relationship capital.

Modern supermarket chains — Wong, Plaza Vea, Tottus — exist in parallel for anyone who wants fixed prices and air conditioning, and plenty of urban Peruvians shuttle between both worlds depending on the week, the item, and their patience levels that day. But treating the supermarket as the default and the mercado as a novelty, the way most newcomers initially do, means missing out on both better produce and the actual social texture of how Peruvians eat.

The Verdict

Iceland wins on convenience and honesty — the price on the shelf is the price, full stop, and there's a strange comfort in that even as your wallet weeps. Peru wins on everything else: better produce, more theatre, actual human relationships built over root vegetables, and the genuine thrill of successfully talking someone down on a price without causing offence. If forced to choose, I'll take the mercado, the haggling, and the occasional free mango over eleven-pound cherries every single time. Iceland, I still love you, but you have made me flinch at a grocery receipt in a way no country ever should.

What Nobody Warned You About

Reddit r/iceland — a newly arrived expat describes staring at their first Bónus receipt in genuine silence for several minutes before accepting their new financial reality.
Internations Lima — a longtime resident explains that the real unlock in Peruvian grocery shopping isn't learning to haggle, it's learning to be recognised — the price drops the moment you stop being a stranger.
expat.com Peru forum — a poster recounts being quoted triple the local price at an unfamiliar market stall, and learning to always scope out what locals are paying before joining any queue.

Conclusion

Iceland will teach you to budget like your life depends on it, because financially, it rather does. Peru will teach you patience, charm, and the specific joy of a fair deal earned rather than given. Both will leave you slightly changed at the till for the rest of your life — I now instinctively wince at Icelandic prices from memory alone, and I have, embarrassingly, tried to haggle at a Tesco. It did not go well. Choose your grocery culture wisely; it will follow you home.

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Photo by Nascimento Jr. via Pexels

Suki Nakamura

Staff writer covering financial markets and corporate strategy. Has strong opinions about spreadsheets.

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