Inflation is arguably the top economic story of the last couple of years. Indeed, consumer purchasing power is down 16% since the beginning of 2020. That means $1,500 would only buy $1,260 worth of goods today. But there is a way to be better off. Instead of purchasing consumer goods that rarely increase in value, consider taking that $1,500 and investing in terrific companies.

As shown below, a $1,500 investment in Vici Properties (NYSE: VICI), Amazon (NASDAQ: AMZN), or AbbVie (NYSE: ABBV) increased 51% to 110%, far outpacing inflation. Now, inflation is currently falling, which is good news. These companies are still terrific investments, and that is excellent news.

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Source Fool.com