Although information from the Dec. Consumer Price Index may seemingly bode well for costs-of-living dynamics, inflation-fighting stocks to buy is still a good idea. For one thing, it’s probably not wise to make wholesale strategy changes based on a month’s worth of data. Second, the money supply expanded dramatically, meaning much work needs to be done for containment. Therefore, investors shouldn’t give up on inflation-fighting stocks to buy.
Moving forward, it’s anyone’s guess what will happen this year. Indeed, with so many wild events erupting in the last three years, few experts will want to stick their neck out. That’s why dividend-paying companies enjoy significant relevance right now, including these inflation-fighting stocks.
This post originally appeared at InvestorPlace.