Published on 12 May 2022 on Zacks via Yahoo Finance
Annual inflation rate in the United States slowed to 8.3% in April from a 41-year high of 8.5% in March, per tradingeconomics, but less than market forecasts of 8.1%. Energy prices surged 30.3%, below 32% in March thanks to a moderate rise in gasoline prices (43.6% versus 48%) while fuel oil increased more (80.5% versus 70.1%). On the other hand, food prices jumped 9.4%, the maximum since April 1981 and prices also rose faster for shelter (5.1% vs 5%) and new vehicles (13.2% vs 12.5%).
Against this backdrop, we suggest a few sector ETFs that can be worth investing at the time of rising inflation. Below we highlight those.
Transportation Services