The people who don't have any savings and are hip-deep in debt.
The pace of inflation may have slowed slightly but its still rising at a pretty good clip. The cost of necessities will keep going up thereby squeezing what little disposable income is left for people to spend on discretionary items. This, of course, will eventually manifest itself in a declining standard of living.
The elites don’t even notice the inflation but the shrinking middle class sure does.