For dinner tonight I had Reindeer Burgers (well it is the Christmas season), they were surprisingly tasty and mild in flavour. I have found mince here, whether it be beef, lamb, foal/horse and now reindeer to be of exceptional top quality and very lean (sorry no photos, didnt have my camera on me). Reindeer mince is around 1400 ISK approx $12-13 AUD per kilo but virtually all meat product.
Some things are surprisingly cheap, such as milk which is about 95c AUD per litre and panadol about $2.50 for a pack of 30. Yet other stuff, especially food of the poultry kind, like chicken breasts are very expensive at $22 AUD per kilo and I have been told that an average size turkey this year will set you back 12,000 ISK which is approx $106-110 AUD. I suspect it all evens out in the long run though.
Another bit of trivia that has nothing to do with food, the other day on Icelandic radio I heard....Slim Dusty singing A Pub With No Beer!