Inflation will hit third world countries hard however it's in first world countries where the population feels it the most as they are not used to shortages, over-inflated pricing and terrible service standards. The smart ones are preparing for it, the dumb ones aren't making any changes. There's going to be a whole lot of very unhappy people across the first-world countries in the years ahead.
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Yes, whether countries are developed or developing, inflation hits us all. I believe some may struggle to understand the reality of it while others try to deal with and treat the blows and wounds from it. I hope we can all survive.
Not all will survive, or so I believe.
You have a point.