Amid lingering concerns about an impending recession, investing in sectors less prone to economic downturns could be beneficial. Given the inelastic demand for the products of the consumer goods industry, investors could benefit from fundamentally strong consumer goods stocks Unilever PLC (UL) and Mannatech, Incorporated (MTEX). However, despite its growth potential, Peloton Interactive, Inc. (PTON) is not worth buying for the short term.
The consumer price index (CPI), which measures inflation by evaluating changes in a multitude of goods and services, increased 3% from a year ago, its lowest level since March 2021. On a monthly basis, the index rose 0.2%.
