Yes, and I noticed that over the last few years of 0bama's presidency, the financial talking heads would talk about no inflation as if that was a bad thing, leading me to the conclusion that somehow inflation benefits them.
Well, either there is inflation, which allows obligations paid off over time to be paid for in easier to get dollars which are worth less, or there is deflation, which means those dollars are worth more over time and harder to come by. If you have a debt, and the interest rate is
Y% if inflation is at
Y plus some %, you are making money at the rate of the difference between inflation and the interest rate during an inflation cycle.
(in theory, anyway). If that changes and you are heavily leveraged, you can lose the farm (Literally, many did up this way during the transition from the Carter years).
If inflation is less than the interest rate, you pay to borrow the money, the difference between inflation and the interest rate, and if the currency is actually deflating (becoming worth more), it costs the rate of deflation plus the interest rate to borrow long term, and the money is harder to come by, too (falling wages and prices).
So, for bankers who operate on marginal reserves, mild inflation is a good thing, because they borrow the money they loan, and pay it back in money that is worth less. Deflation is a nightmare, because defaults increase and the money they have to pay back is worth more, dollar for dollar than the money they borrowed.