4 of the Safest Dividend Stocks That'll Help You Crush Inflation
If you've noticed that the price you're paying for goods and services is on the rise, you're not alone. Although some degree of inflation is expected in a growing economy, inflation data released by the U.S. Bureau of Labor Statistics for June 2021 is nothing short of worrisome.
Based on the year-over-year change in the Consumer Price Index for all Urban Consumers (CPI-U), the price for a large, predetermined basket of goods and services is up 5.4%, year over year. That's the biggest increase in almost 13 years. Worse yet, if you strip out food and energy costs (what's known as the Core CPI), prices rose 4.5%. That's nearly a 30-year high.
Suffice it to say, money sitting on the sidelines is going to lose purchasing power quickly if inflation rates remain at this level.
Source Fool.com
