[qgin]

Inflation is good for those who hold debt. 5% inflation means you owe 5% less, in real terms.

[postingawayonhn]

It depends a bit on what interest rates do and whether your debts have fixed or variable rates.

[kergonath]

It also depends on your salary following inflation, which really is not a given.

[cudgy]

It also depends on how the assets purchased with said debt (previously fueled by low interest rates) perform in a high interest rate environment.