Is inflation a problem?And if so, who will feel the most pain?

Here’s what you need to know about inflation as food and petrol prices rocket.

As economies recover and big ones continue to benefit from massive injections of government stimulus, a wonky and sometimes scary buzzword has crept back into the conversation: inflation. Broadly speaking, inflation is when prices rise and the money in your pocket doesn’t stretch as far as it used to. A little bit of inflation is no bad thing. But too much of it can be really, really damaging to economies and livelihoods. So is inflation becoming a problem? And if so, who would it hurt the most?