Iceland 1930

Bibliographic data

Monograph

Identifikator:: 1830571079

URN:: urn:nbn:de:zbw-retromon-221162

Document type:: Monograph

Title:: Iceland 1930

Edition:: 2. ed.

Place of publication:: Reykjavík

Publisher:: Ríkisprentsmiđjan Gutenberg

Year of publication:: 1930

Scope:: 193 S.; Tab., Kt., Taf.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Social conditions

Collection:: Economics Books

tee oe The inspection of facfories and machinery was established under an act of Althingi 1928, containing various provisions respecting the ar- rangement of work, to protect the lives and health of the workpeople, and prescribing special care and inspection of steam-boilers and ma- chinery, which without strict preventive measures might be dangerous to life or detrimental to the health. PRICES AND WAGES As in other countries, there have in Iceland been enormous changes in the level of prices since the outbreak of the Great War; but avail- able statistics relate only to the fluctuations of prices in Reykjavik. Data concerning retail prices quoted for 50—60 different articles of food, fuel and light have, for a number of years, been collected once every quarter (and since autumn 1925 once every month) by the Sta- tistical Bureau. Index-numbers are then compiled illustrative of the fluctuations in the prices of these goods. But another set of index- numbers for total cost of living is prepared once a year, in October, based on the retail prices ruling in Reykjavik in the beginning of that month, and on several additional data respecting other items of household expenditure. A calculation has been made as fo how the expenditure of an a- verage family (consisting of husband, wife and 3 children) with an income, in 1914, of 1800 krénur,. was distributed over the various commodities consumed. Then, on the basis of an unchanged standard of living and guided by continuous statistical information on retail prices, the cost of this consumption for the same family at different times has been calculated. The household budget is divided into the following 6 groups: 1) foodstuffs, 2) light and fuel, 3) clothing, 4) rent, 5) taxes, 6) sundries. Besides the general index-numbers, special in- dex-numbers are worked out for each group. In the case of group 6, which accounts for one-fifth of the expenditure, the index-number is not based on independent investigations of the fluctuations’ in the prices of the goods coming under this head, but the price is assumed to have for this group increased proportionately to those of the goods included in groups 1—4. According to these calculations the general index-numbers, since 1914, have been as follows (July 1914 = 100):

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