Most experts in a recent Bankrate survey say that stocks are a better investment option than bonds for overcoming high levels of inflation. Bankrate’s First-Quarter Market Mavens survey found varied opinions on the sustainability of current inflation levels, but there was general agreement about the best investment to beat it: stocks.
Inflation has been surging recently as economic activity booms following the global pandemic and supply-chain issues make it difficult for consumers to get what they want when they want it.
Inflation reached 7.9 percent on an annual basis during February, according to the most recent Consumer Price Index (CPI) report. Prices for used cars and gasoline each rose by about 40 percent, while prices for foods including chicken, eggs, milk and fruit all jumped by more than 10 percent.
