From used cars to gas to groceries, inflation continues raise the price of goods in the U.S. The consumer price index — which measures how much consumers pay for an assortment of products — jumped 5.4% last month from where it was in July 2020, matching its biggest jump since 2008.

Though some economists and other financial experts say that the current rate of inflation is nothing to worry about, inflation has become virtually impossible to avoid. But when it comes to investing, Berkshire Hathaway CEO Warren Buffett says there are some businesses that are more likely to succeed than others.

At the 2015 annual Berkshire Hathaway shareholder meeting, Buffett was asked which of his company’s holdings were best poised to thrive during a period of high inflation. Buffett’s response: The best business to own is one that doesn’t require continuous reinvestment because it becomes more and more expensive as the value of a dollar…

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