Inflation at 7%: 3 Top Dividend Stocks to Protect Your Money

The Bureau of Labor Statistics' recently published consumer price index (CPI) report showed that inflation rose 7% from 2020, its highest jump since 1982. The dollar is losing purchasing power at a concerning rate, and that means spending and investing decisions are taking on added importance.

With that in mind, a panel of Motley Fool contributors has identified three stocks that can help you thrive through inflation. Read on to see why they think Procter & Gamble (NYSE: PG), JPMorgan Chase (NYSE: JPM), and Broadcom (NASDAQ: AVGO) are top buys right now.

Source: NASDAQ

Related Articles:

- Rising Dividends = Rising Returns

- 4 Higher-Yielding Consumer Stocks With A History of Rising Dividends

- The Most Dangerous Investment

- Are Defense Stocks Good Defensive Stocks?

- Hey, You Invest Like a Girl!