China's sky-high factory inflation slows amid price crackdown

The producer price index rose 12.9% in November, the National Bureau of Statistics said on Thursday, slower than October's 26-year high of 13.5% but faster than the 12.4% expected in a Reuters poll of analysts.

Factory-gate inflation has sped up since May this year due to soaring commodity prices, piling pressures on downstream businesses to pass on their costs to consumers. While PPI has likely peaked, the rate at which it will slow down is highly uncertain, said Zhou Hao, senior EM economist at Commerzbank.

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