Inflation returns to moderate levels in January at 3.3%

January saw consumer price inflation in the Nordic countries fall to 3.3%, down from 3.6% in December, signaling a steady return to moderate levels after the sharp increases experienced since the beginning of 2021. The highest point of inflation was recorded in December 2022, reaching 9.1%, following the economic recovery from the coronavirus pandemic. Since then, inflation has been on a consistent decline month over month.