Create a Safe, Inflation-Crushing Portfolio With These 5 High-Yield Dividend Stocks
Ready or not, here comes inflation. While it's unknown if rapidly rising prices for goods and services will be temporary or sustainable, it's pretty hard to overlook how quickly some items are increasing in cost.
According to the U.S. Bureau of Labor Statistics, trailing 12-month unadjusted energy costs (ended Sept. 30, 2021) rose by nearly 25%, with used car and truck prices up more than 24%, based on changes in the Consumer Price Index for All Urban Consumers (CPI-U). Other key items, such as food and shelter, were up 4.6% and 3.2%, respectively.
The price increases we've been witnessing in the CPI-U represent roughly a 13-year high (5.4% for all items). In other words, if you have cash sitting on the sidelines, inflation is quickly whittling away at your buying power.
Source Fool.com
