According to the Bureau of Labor Statistics, the consumer price index increased 8.3% year over year in August. That inflation metric -- based on the prices of a basket of commonly purchased goods and services -- was higher than analysts' consensus forecast. This suggests that U.S. consumers will need to modify their shopping habits if they haven't done so already.

Few companies are in a better position to benefit from that than discount retailer Costco Wholesale (NASDAQ: COST). Here's the case for why Costco stock is a compelling pick for growth-oriented investors.

Costco is a membership-only chain that offers basic membership plans for $60 a year and executive memberships for $120 annually. For both consumers and businesses seeking to stretch their money, the retailer is a clear winner.

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Source Fool.com