by Cory Mitchell and Michael Adams
Forbes
Inflation gradually erodes the buying power of your dollars. The best way to beat inflation is by investing in businesses that are impervious to rising prices. To help you accomplish this mission, we’ve identified some of the best stocks with sales and earnings that are immune to the ravages of inflation.
During times of high inflation, consumers cut back on discretionary spending. But plenty of staples are much harder for people to stop buying. Owning the stock of companies that produce staple products and services is one of the best ways to beat inflation.
Our list of the best inflation stocks includes 10 companies that deliver products and services U.S. consumers can’t live without. These stocks feature valuations that should hold up well despite pressure from rising prices. As an additional bonus, they pay steady dividends and have delivered stable price appreciation over the long term.