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- Shop and factory prices both fell in China last month, according to data released Wednesday.
- That means the country is suffering deflation for the first time in over two years.
- It's the latest in a long list of concerns for Beijing as China's post-COVID rebound fizzles out.
China is experiencing deflation for the first time in over two years – yet another sign that Beijing might need to roll out stimulus measures to reboot the country's stuttering economy.
The consumer price index (CPI), which measures the cost of the average shopping basket, fell 0.3% year-on-year in July, according to data from National Bureau of Statistics.