pcecon.com Class Notes
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There are two kinds of people affected by inflation when it is "unanticipated" (unexpected). Unanticipated inflation is inflation that decision makers (such as borrowers, lenders and others who make decisions that concern the future) do not consider or fully consider when making decisons.

Net Monetary Debtors-people who owe more money than is owed to them

Net Monetary Creditors- people who are owed more money by others than they owe to others. This can include money people have in the bank (the bank owes them that money back).

Which is helped by UNANTICIPATED inflation?

Debtors are helped, since the money they owe (and will pay back) is worth less than the money they borrow.
This only is true if the inflation is unanticipated. If it is anticipated, the debtors’ interest rate will be increased to make up for the inflation that is occurring. Also, other people who owe money to others (like businesses who owe workers paychecks) will also have to pay more if the inflation is anticipated.