Inflation Has Uneven Social Effects

High prices may cause some to pull back on purchases, but for others it can mean catastrophe.

Inflation hits everyone. But the numbers you see reported, like the 6.4 percent recently announced, sting more for some than others.

It’s called inflation inequality. High prices may cause some to pull back on purchases, but for others it can mean catastrophe.

"Food is a biggie," says Georgetown, Kentucky grandmother Kimberly Burnette, who lives on a fixed income. "I mean I know its just me but when the family comes over, there's 14 of us here. There's gonna be more. And I mean I'm just trying to think right now what we're gonna do for Easter."