5 Consumer Staples Stocks to Buy as Inflation Remains High

The Federal Reserve’s fight to curb sky-high inflation continues. Although inflation has eased sharply over the past year, it remains stubbornly higher than the central bank’s 2% target as price pressures remain elevated.The Commerce Department reported on Apr 28 that the personal consumption expenditure (PCE) price index, a key inflation gauge of the Federal Reserve, increased 2.7% in March on a year-over-year basis, surpassing the consensus estimate of a rise of 2.6%. PCE rose 2.5% in February.Core PCE, w ...