1 Stock That Looks Inflation-Proof

Supply chain bottlenecks and stubbornly high inflation have begun to significantly affect U.S. businesses. In recent months, inflation has surged into high-single-digit territory for the first time in decades. Meanwhile, consumer confidence is starting to erode. That's putting the squeeze on many companies: Costs are rising, but increasing prices to compensate could drive customers away.

Costco Wholesale (NASDAQ: COST) seems immune to these pressures, though. The company just posted another month of double-digit sales growth, and profit is growing at a healthy clip. That makes Costco stock a solid choice for investors looking to hedge against inflation.

Source Fool.com