BEIJING -China's consumer prices posted their first annual decline in more than two years in July, while factory gate prices extended their falls, data showed on Wednesday, as lackluster demand weighed on the economy. The consumer price index (CPI) for the month dropped 0.3 percent year-on-year, the National Bureau of Statistics (NBS) said, a slightly slower fall than the median estimate for a 0.4- percent decrease in a Reuters poll. It was the first year-on-year decline since February 2021. CPI was unchanged in June. The producer price index (PPI) fell for a 10th consecutive month, down 4.4 percent from a year earlier after a 5.4- percent drop the previous month. That compared...Keep on reading: China’s consumer prices swing into decline as deflation risks build