HONG KONG—China’s factory-gate inflation ebbed in November after hitting a 26-year high, which economists say will give policy makers more room for easing to bolster a slowing economy.

The producer-price index rose 12.9% from a year earlier in November, down from 13.5% growth in October, which was the fastest increase since 1995, according to data released by the National Bureau of Statistics. The reading beats the 12% increase expected by economists polled by The Wall Street Journal.



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