Inflation Doesn’t Affect Everyone Equally. This Economist Explains Why

"We have forgotten over 20 years in developed economies what are the problems of high inflation. But it is something that [we are] reminded about every day in emerging economies and it basically attacks more those that are in the lower end of the income distribution. And that has very negative consequences for the fabric of the societies in which that happens," says Jorge Sicilia, chief economist BBVA Group.