I'm kinda particular to my answer. I think it hurts those on Social Security the most, then those with low incomes. Higher prices means less food and/or trying to decide between buying food or their prescriptions, both of which are out of control. It also hurts them a lot if they had a pension, 401K, or IRA when the economy crashed.
Hubby and I lost half our IRA when the economy crashed. Both of us were in good health at the time. Where I used to go to the store weekly for groceries, I now go once a month. Where I used to spend $100 a week for groceries, I now spend that much monthly.
We are still doing okay but I don't know what will happen down the road. After all expenses, utilities and life insurance, plus health insurance costs of $600 a month, we're living on $900 a month. We're both on 3 meds, but generics are cheaper. I've had to start withdrawing from my IRA, which is now down to a little over $1000. He has to withdraw from his to pay the property taxes of $2500 this year, so it's not easy, but we're surviving so far. There is NO help for us. I've tried 4 times.
Mom used to say the golden years are not so golden. She was right! So, find a nice safe way to save money for your golden years. We thought we had a safe IRA. Ha!