Inflation Will Keep Hitting Consumers in 2022: 2 Stocks That Are Smart Buys
Folks are feeling the pinch of rising prices. According to the Bureau of Labor Statistics, in December, the Consumer Price Index rose at the fastest rate since June 1982.
It doesn't appear that price increases will abate anytime soon. The coronavirus pandemic is causing supply chain disruptions worldwide, and outbreaks of COVID-19 at a manufacturing facility could shut down production for weeks. And while several effective vaccines have been developed against COVID-19, they are most effective at preventing severe disease and less effective against infection. Therefore, although almost 9 billion doses of vaccines have been administered into people's arms, coronavirus infections remain stubbornly high.
So with supply chains remaining disrupted in the near term, leading in all likelihood to higher prices, here are two stocks you can buy that could benefit from that economic backdrop.
Source Fool.com
