China’s annual inflation rate fell to 0.7% in March, from February’s 1.0%, according to official numbers released by the National Bureau of Statistics. That’s the lowest figure since September 2021, noted the Trading Economics website which quoted the data.

The unexpected drop reflects further easing of the costs of both food and non-food items which comes amid an uneven economic recovery after the removal of the government’s zero-Covid policy, the statistical portal highlighted on Tuesday.