Who is most by inflation?

Those most affected by inflation typically include low- and fixed-income individuals, as their purchasing power diminishes when prices rise. Essential goods and services, such as food and housing, become more expensive, making it difficult for these groups to maintain their standard of living. Additionally, small businesses may struggle to keep up with rising costs, impacting employment and economic stability in their communities. Overall, inflation disproportionately burdens those who have fewer financial resources to absorb increased costs.