How This Market-Beating Stock Could Help You Beat Inflation
Investors are facing the highest inflation readings in over 40 years. The consumer price index (CPI), a measure of inflation, came in at 7.9% in February -- the ninth month in a row that inflation was over 5%.
Periods of high inflation can make for a tricky investment environment because it's difficult to predict when it will come down. As investors, some of the best companies you can invest in during an inflationary environment are those with pricing power, or the ability to raise prices without impacting demand.
One company with pricing power is Progressive (NYSE: PGR). The company faced higher prices last year, but reacted quickly -- and has produced market-beating returns for decades.
Source Fool.com
