RBI: Global Inflation Cools, But Sticky Services Prices Keep Advanced Economies on Edge

• RBI Bulletin notes global inflation cooling, but persistent services inflation keeps advanced economies on edge.
• Euro area saw increased headline inflation in November due to services costs, while US inflation eased.
• UK and Japan experienced lower inflation, driven by food and beverages in the UK and low food inflation in Japan.
• India's retail inflation rose slightly to 0.7% in November but remained exceptionally subdued.
• Among EMDEs, China's inflation hit a 21-month high, while Brazil, Russia, and South Africa saw easing inflationary pressures.

Why It Matters: Global inflation shows mixed trends; advanced economies face sticky services prices, while some EMDEs see easing.