Global inflation has a significant impact on developing economies, affecting various aspects of the economic system. As inflation rises in developed countries, the costs of goods and services tend to rise globally, resulting in pressure on countries with more fragile economies. One of the main impacts of inflation is an increase in import costs. Developing countries often depend on imports of raw materials and capital goods. With high inflation, import prices can soar, affecting production costs and harming the local industrial sector. The influence of global inflation is also visible in currency exchange rates. When developed countries experience inflation, they usually increase interest rates to curb inflation, which can attract foreign investors. This has the potential to result in the strengthening of developed country currencies and a decline in the exchange rates of developing country currencies. Currency devaluation can increase the cost of foreign debt previously denominated in US dollars or other strong currencies, making debt servicing more difficult and affecting government budgets. The impact of inflation on people’s purchasing power in developing countries is also significant. The increase in the price of these goods is often not matched by an increase in income, thereby reducing people’s purchasing power. This could lead to increased poverty and social instability, with more of the population struggling to meet their basic needs. In many cases, rising inflation encourages governments to introduce subsidy policies, which may be unsustainable in the long term. Global inflation also affects foreign investment. The uncertainty caused by inflation conditions can make investors hesitate to invest their capital in developing countries. The decline in foreign direct investment has a negative effect on economic growth and job creation. In addition, the financial sector may experience pressure due to rising interest rates, shifting focus away from the development of small and medium-sized businesses that are the main driver of economic growth in many developing countries. Apart from that, global inflation can impact macroeconomic stability. Prolonged uncertainty could encourage central banks in developing countries to implement tight monetary policies. This may result in more expensive credit and reduced access for small businesses. The real estate and construction sectors also feel this, as rising construction costs often result in delays in projects that impact infrastructure development. Changes in people’s consumption patterns are another impact. When inflation erodes purchasing power, consumers tend to switch to cheaper goods, often impacting the quality of the products they choose. This domino effect can reduce the productivity of the domestic industrial sector. Rising food prices, which are a major component of consumption in developing countries, play a major role in food security and public health. Furthermore, the impact of global inflation on fiscal policy is also no less important. The government may be forced to cut the budget in important sectors such as education and health in order to overcome the budget deficit due to rising costs. Public dissatisfaction caused by these policies has the potential to trigger social unrest and political instability, creating a negative cycle that further worsens the economic conditions of developing countries. In the context of trade, inflation causes increases in tariffs and duties which can hamper international trade flows. This trade uncertainty worsens the bargaining position of developing countries, causing them to have to fight harder to gain fair market access. The widespread influence of global inflation requires stronger adaptation strategies from developing countries to be able to survive and remain competitive in the global economy.