Worried About Inflation? These 3 Retail Stocks Have Strong Brands and Pricing Power - NewsBreak

Higher transportation costs are a headwind for consumer goods companies. Owning stock in top brands that can raise prices over time is a smart long-term investment strategy. Consumer goods companies are wrestling with the prospects of higher supply chain costs in the near term, stemming from increasing transportation costs. This could affect what consumers pay for everyday items, such as their morning coffee at Starbucks (NASDAQ:SBUX). In June, U.S. consumer prices rose at the highest rate in 13 years. The latest consumer price index report for July showed a moderation in the rate of increase, but the 5.4% increase in price for all items on an annualized basis is still well above normal.