[head_stomp]

Historically, the largest debtors are governments followed by corporations, the rich, the middle class, and then the poor. You may be thinking of net worth as the poor and middle class are more likely to have negative net worth due to debt than the upper classes. However, this makes inflation even worse for the lower classes as the assets owned by the upper classes which offset their debt are rising in price due to inflation, further benefiting them. As well, the upper classes have greater access to investments that allow them to protect their wealth from inflation unlike the lower classes. In addition, the lower classes tend to have less bargaining power with which to keep their real wages from falling in an inflationary environment.

Inflation most definitely favors the upper classes relative to, if not at the expense of the lower classes.