Global inflation has become an increasingly pressing issue and has a significant impact on developing countries. In recent years, inflation has not only occurred in one region, but has hit various economies around the world due to various factors, such as the COVID-19 pandemic, supply chain disruptions and energy price fluctuations. One of the main impacts of global inflation is the increase in the cost of living. In developing countries, citizens often spend a large proportion of their income on basic goods such as food, energy and transportation. When these prices soar, people’s purchasing power decreases, potentially leading to social dissatisfaction and increased poverty. For example, in countries such as Indonesia and Nigeria, food inflation can trigger social unrest due to high prices of basic commodities. Apart from that, global inflation also has an impact on investment. Investors tend to stay away from countries experiencing high inflation, because economic uncertainty makes them hesitant to invest capital. Developing countries, which rely heavily on foreign investment for infrastructure development and job creation, may experience obstacles in achieving sustainable economic growth. Decreased investment can slow down innovation and industrial development. Monetary policies taken to respond to inflation also add complexity to the situation. Central banks in developing countries often raise interest rates to curb inflation. While these measures may help stabilize prices, their effect could make loans more expensive, which in turn could limit people’s access to credit and hinder the growth of small businesses. People and business actors in developing countries often do not have sufficient financial reserves to survive conditions of high interest rates. In the context of international trade, global inflation can change the competitiveness of developing countries. Rising prices of goods and services may expose these countries to the risk of declining exports. If goods from developing countries become more expensive, they may lose market share at the global level. This has the potential to reduce state revenues and reduce the government’s ability to invest in social programs and infrastructure. Unequal control of technology is also a challenge in dealing with inflation. Developing countries may not have the same access as developed countries to technology that can improve production and distribution efficiency. As a result, they may be trapped in a cycle of higher inflation due to lower productivity levels. Finally, global inflation can exacerbate social inequality. Developing countries often have an unequal distribution of wealth. In the case of high inflation, more vulnerable population groups may suffer more severely, while the wealthier may be able to survive better by shifting assets to safer investments. These inequalities can lead to political and social instability, which in turn worsens economic conditions. Overall, global inflation has a broad impact on the economies of developing countries. From rising costs of living to investment challenges and social inequality, these impacts are complex and require a careful approach to addressing the issues at hand.