Inflation, whether or not it is expected, hurts

Question

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Inflation reduces the purchasing power of money, which means that people on fixed incomes, such as retirees, will have a harder time making ends meet. Prices for goods and services will rise, but their income will not necessarily keep pace with those price increases. This makes it harder for them to afford the same level of goods and services as before, leading to a decrease in their standard of living.

Inflation, Whether or Not It Is Expected, Hurts