Oran A Hall | Inflation winners and losers

Inflation is more than higher prices. It is that creepy force that changes the real value of assets, savings, income and debt. It makes some people better off and others worse off financially, as some are better able to protect themselves and experience real gains as opposed to others who experience real losses, even if not immediately obvious, in nominal terms. There are several clear winners from inflation, including people who borrow at a fixed-rate of interest and owners of real assets. But there are also losers, including savers, lenders and earners of fixed incomes.