3 Inflation-Resistant Stocks to Buy Right Now
Last year, inflation rose at its fastest pace in over 40 years. The annual inflation rate, as measured by the year-over-year change in the Consumer Price Index (CPI), peaked at 9.1% in July 2022 and has since fallen to 4% this past May.
Many are optimistic that inflation is now waning. However, we may not be out of the woods quite yet. Andrew Patterson, a senior economist at Vanguard, recently told NPR that while goods and energy prices have fallen, the cost of services for things like travel and auto repairs has remained "concerningly sticky."
While you can't predict where inflation will be in the coming months, you can diversify your portfolio with quality stocks that have historically shown resilience during inflationary periods. Following are three to consider now.
Source Fool.com
Patterson Companies Inc. Stock
With 8 Buy predictions and not the single Sell prediction the community is currently very high on Patterson Companies Inc..
As a result the target price of 31 € shows a positive potential of 27.05% compared to the current price of 24.4 € for Patterson Companies Inc..
