ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Business class groups suffer the most from inflation.

Detailed explanation-2: -Inflation affects consumers most directly, but businesses can also feel the impact. Here’s a quick explanation of the differences in how inflation affects consumers and companies: Households, or consumers, lose purchasing power when the prices of items they buy, such as food, utilities, and gasoline, increase.

Detailed explanation-3: -Inflation brings most benefits to debtors because people seek more money from debtors in order to meet the increased prices of commodities.

Detailed explanation-4: -The fixed-income groups are the worst sufferers during inflation. Persons who live on past saving, pensioners, interest and rent earners suffer during periods of rising prices because their incomes remain fixed.