China’s sky-high factory inflation, also known as the producer price index (PPI), slowed in November from a 26-year high the month before. The factory inflation rose 12.9 percent from a year earlier in November, slower than October’s 13.5 percent—the most significant increase since 1995—but faster than the 10.7 percent of September, according to a Dec. 9 release from China’s National Bureau of Statistics (NBS). China’s industrial inflation had sped up since May this year, adding to the pressure on global consumer prices and raising concerns over the country’s role in global inflation. Yet the pullback shows recent policies to ease energy shortages and tame down raw materials prices are taking effect, said Dong Lijuan, a senior statistician at the NBS in an affiliated statement. “As policies to stabilize prices and ensure supply have stepped up, the rapid surge in coal, metal, and other energy and raw material prices has been initially …