2 Stocks That Can Thrive During Inflation
The U.S. Bureau of Labor Statistics measures the change in price for a basket of goods that the average urban American might buy. This is called the Consumer Price Index (CPI), which gives rough estimates as to what inflation is every month. For March, the Bureau reported that the CPI rose 8.5% year over year, signifying that there is roughly 8.5% inflation in the U.S. economy today.
While this way of estimating inflation might not be the end-all and be-all, it still gives consumers and investors a look behind the curtain on rising prices and inflation. With such a high number, it is becoming clear that inflation could be around for a while.
In that case, investors might want to add some stocks that will not only survive during these times but thrive. This is why I think these two inflation-beating companies, Chipotle Mexican Grill (NYSE: CMG) and Waste Management (NYSE: WM), are worth buying right now.
Source Fool.com
