Borrowers and lenders benefit from inflation in different ways. On the one hand, when a borrower owes a large sum of money, a general rise in prices will reduce the value of the debt and allow him or her to pay the lender an amount that is lower than the initial market value.
On the other hand, a lender will benefit from inflation when prices go up because demand for credit and loans will increase. This high demand will cause a rise in interest rates, which will be to the benefit of the creditor.
Other economic actors that benefit from inflation include but are not limited to energy producers and sellers, electric vehicle manufacturers, real estate agents, and food sellers.