INFLATION

- It taxes those who receive relatively fixed income.

Unanticipated Inflation

Hurt by Inflation

- Lenders (lend money at a fixed rate).
- People with a fixed income (elderly and welfare consumers).
- Savers (those who save money at a certain rate).

Helped by Inflation

- Debtors.
- A business where the price of the product increases faster than the price of resources.