China Factory Inflation Comes Down From 26-Year High

(Bloomberg) — China’s factory inflation moderated in November from a 26-year high, with the slowdown providing more room for policymakers to support the economy.

The producer price index rose 12.9% from a year earlier, above economists’ forecasts of a 12.1% gain, data from the National Bureau of Statistics (NBS) showed Thursday. The consumer price index increased 2.3%, the fastest pace since August 2020 but below the projected 2.5% gain.