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Notes -
The truss case is a bit unusual: The inflation hit very quickly and her policies were a very apparent cause.
The average case is a lot muddier. Prices are sticky and it takes a while for inflation to get noticed. Most nations saw a steady inflation increase since 2020. Many of those nations, like the USA, have new leaders since the inflation started. It's probably the case that some leaders picked known inflationary policies before elections to get more votes (e.g. student forgiveness before the mid-terms), knowing the resulting inflation would be delayed and its cause nebulous.
The Liz Truss case is not particularly unusual for third-world countries - it is just that the post-Brexit UK is the only first-world country to be stupid enough to elect a government that is stupid enough to do what Truss did.
There are a number of relevant differences between the UK and US that mean the punishment for Truss' mini-budget was much faster than it would be for a similarly stupid US government:
The US dollar is the global reserve currency, so it is less likely that a Liz Truss level of stupid would tank the dollar the way the actual Liz Truss tanked the pound.
The US is a less open economy than the UK (mostly because big countries are more self-sufficient than small ones, not for any policy reason) so the impact of a falling dollar on Americans' cost of living is less than the impact of a falling pound on Brit's cost of living.
British mortgages are much less likely to be long-term fixed rates, so the increase in interest rates has a much more immediate impact on household budgets than it would in the US.
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