Who Suffers From Inflation?

Daniel Gross writes about an interesting hypothesis on why Wall Street economists think a higher rate of inflation is emerging, despite numerous indications to the contrary: Its group-think among a coterie of cloistered rich folk. That is, the prices of luxury goods are increasing faster than inflation. The folks that make inflation predictions are purchasers of luxury goods. Hence, they've convinced each other, per their purchasing experiences, that the cost of living is rising. Isn't this a great sentence:

If you're buying Châteauneuf du Pape at Sherry-Lehmann instead of Budweiser at 7-Eleven, it sure seems like the cost of necessities has risen sharply in recent years.