Global inflation has a significant impact on emerging markets, affecting various aspects of the economy and people’s daily lives. In emerging markets, rising inflation can result in heavy economic burdens, including increasing the cost of living, increasing debt burdens, and damaging people’s purchasing power. One of the most direct impacts of global inflation is a spike in the prices of goods and services. Rising prices of core goods such as food, energy and raw materials can worsen domestic inflation. In many cases, developing countries rely heavily on imports for these basic needs. When global prices soar, these countries have to adjust costs, which are often passed on to consumers. In addition, global inflation encourages central banks in developing countries to raise interest rates in an effort to control inflation. This policy could slow economic growth, especially for companies that rely on loans for investment. Small businesses will feel the negative impact the most, as rising debt costs can make it difficult for them to survive. As interest rates increase, foreign capital flows may also be affected. Investors tend to shift their funds to countries that offer higher yields, leaving emerging markets more vulnerable to volatility. This causes a devaluation of the local currency, which in turn increases the cost of imports, creating a further cycle of inflation. The impact of inflation is not only limited to the economic sector, but also has an impact on social aspects. When the cost of living rises, people with fixed incomes, such as migrant workers and the middle class, will feel pressured. The high costs of education and health can reduce people’s access to vital services, creating greater inequities in society. On the positive side, inflation can also benefit certain sectors, such as exporters. If the value of a country’s currency decreases, products produced in that country may become more competitive in international markets. However, this achievement is often not enough to cover the losses experienced by society due to inflation that continues to soar. Developing country governments must take proactive steps to reduce the impact of global inflation. This can be done by increasing food security, reducing dependence on imports, and encouraging investment in local infrastructure. Prudent monetary policy is also needed to maintain economic stability and prevent detrimental inflation. Investments in workforce education and training will also help meet changing market needs, increase competitiveness and create new opportunities. This will not only increase productivity but also reduce the impact of inflation on society. Overall, the impact of global inflation on emerging markets is complex. Despite significant challenges, with the right approach, these countries can leverage the situation to build stronger and more resilient economies.