Nigeria's inflation rate drops
Nigeria's inflation rate drops after statistics overhauled and updated
Nigeria's annual inflation rate stood at 24.48% in January, the statistics agency said on Tuesday, well down from the previous month's figure after the country's price index was rebased for the first time in more than a decade.
Inflation Rate Statistics by Year, Category, and Region
A small amount of inflation is normal and is seen as good for the economy by most economists. The Federal Reserve aims for inflation of 2% over the long run, and for much of the last 20 years, the U.S. inflation rate has been fairly close to that target.
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