Think of inflation as an increase in water level.
Are your assets pile driven into the bottom, like cash?
Or are you floating in a boat, like a growth stock?
What does it all mean?
There is a trade off with risk and return. If you stubbornly want no risk, your wealth will slowly be robbed by inflation.
Understood..... hyperinflation would be like a tsunami though, many so called floating stocks will go under.