How does inflation impact consumers, savers, and borrowers?

How might a rapid rise in inflation harm you?  How might a rapid rise in inflation help you?  In answering this question consider your role as both a consumer, worker, and borrower.  Consider the likely effect on your real wages, and any interest you receive as a saver.  Would it be advantageous to borrow money if you expected inflation to rise?   Does it make economic sense to open a savings account at a bank given the latest increase in the CPI.

Suppose the economy’s nominal GDP constantly grows at 9%, and real GDP constantly grows at 4%What is the inflation rate? How long does it take for an item that costs $1 today to cost $4?

Distinguish between the general inflation rate and the average inflation rate for specific goods?

Besides Inflation, Why are dollars received in the future worth less than dollars received today?

Why should the government not try to make inflation zero?

Inflation Winners and Losers Does inflation affect everyone in an economy equally? Who wins and loses and why? Do we all lose on some level?

What was the rate of inflation between 2015 and 2016?

What is demand-pull inflation?

Evidence of the costs and benefits of inflation?