Global inflation is a phenomenon that affects economies around the world, especially developing countries. The impact of inflation can be seen from several important aspects such as economic growth, people’s purchasing power and social stability. First, economic growth in developing countries is often hampered by high inflation. Skyrocketing inflation can cause production costs to increase, so that small and medium entrepreneurs feel pressured. The rise of cost-push inflation affects investment capacity and creates market uncertainty. Developing countries that depend on foreign investment risk losing investor confidence when inflation starts to get out of control, thereby slowing the pace of development of infrastructure and industrial sectors. Furthermore, people’s purchasing power is greatly influenced by inflation. When the prices of goods and services rise, people in developing countries, who generally have low incomes, will feel the impact more severely. Rising food prices, which account for a large share of household expenditure, make people’s access to basic needs increasingly difficult. This can cause an increase in poverty rates and economic instability at the family level. Rising inflation also creates uncertainty for monetary policy. The central bank will usually raise interest rates to control inflation. However, in developing countries, which often have limited access to international financial markets, rising interest rates can burden government and corporate debt. This is especially felt by countries that have loans in foreign currency, making exchange rate fluctuations even more risky. As a result, social instability may also increase. Public dissatisfaction with the government which is deemed to have failed to control inflation can trigger protests and riots. When inflation reaches insurmountable levels, people tend to blame the government, and this can create political unrest that hinders development policies. Apart from that, rising global inflation also has an impact on international trade. Developing countries that depend on natural resource exports are often caught up in fluctuations in global commodity prices, which can contribute to domestic inflation. For example, if oil prices rise, countries that are net energy importers will experience a spike in transportation costs, triggering further inflation. Innovation in agriculture and domestic industry can be a solution to combat the impact of this inflation. Increasing efficiency and product diversification can help maintain price stability. The government must also invest in education and training to improve workforce skills so that local products can compete in the global market. Lastly, international collaboration is needed to overcome global inflation challenges. Developing countries can strengthen trade networks between themselves and increase cooperation in economic policies to support each other. With the right strategy, the negative impact of global inflation can be minimized, paving the way for more sustainable development.