China's Inflation Rate Hits 18-Month Low Amid Economic Uncertainty.

China's annual inflation rate dropped to 0.7% in March, the lowest figure in 18 months, due to easing costs of both food and non-food items amid an uneven economic recovery after the removal of the government's zero-Covid policy. Food inflation decreased to 2.4%, while non-food prices continued to ease as well. Education costs increased more than the previous month, while inflation remained unchanged for health-related expenses. Core consumer prices went up 0.7% year-over-year, and dropped 0.3% on a monthly basis despite forecasts they would remain flat.