Think Inflation Is Coming? These 3 Stocks Can Thrive Anyway

A reopening of the U.S. economy is helping bring back jobs that were lost over the past year. U.S. unemployment has continued its steady decline and is now just 6.1%, which is impressive considering it was as high as 15% during the worst of the COVID-19 pandemic. 

At the same time, inflation went from around 0% in May 2020 to 4.2% as of the latest April 2021 data. The 4.2% figure comes from the U.S. Department of Labor, which tracks the average change in prices for urban consumers through what's called the Consumer Price Index (CPI). This basket of goods and services is largely driven by housing, transportation, and food and beverage costs, all of which are up in 2021.

Inflation isn't coming, it's here. And although it could stagnate or even decline as conditions change, it's likely to have ripple effects throughout the market over the short term. Chevron (NYSE: CVX), NextEra Energy (NYSE: NEE), and Clorox (NYSE: CLX) are three companies that can thrive no matter how long the inflationary period lasts. Here's why.

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Source Fool.com