No. Most inflation in developing countries is external inflation…inflation that is imported when food or energy are brought into a country from elsewhere because of some structural deficiencies within the country that prevent production at home.

Importing food or energy leaves these countries with a trade deficit each year. To pay for these goods, they either have to borrow dollars or euros, or they don’t borrow, and their exchange rate is going to depreciate over time. If they try not to borrow, they’ll be paying higher and higher prices of their own currency over time. So they’re importing the US’s inflation into their own economy by being energy or food dependent.

The US forces these countries to be food dependent by subsidizing US agriculture and exporting surplus food abroad. By creating food dependence with cheap products that undermine those countries’ productivity, the US is able to offload its own inflation onto them.