Inflation has been at the top of everyone’s mind this past year.
The rise in the prices of goods and services has been persistent, hitting 5.5% in both January and February, the highest level in 14 years.
Although the inflation rate has declined slightly to 5% in March, the government still expects core inflation to range between 3.5% to 4.5% for 2023.
With inflation raging, the money sitting in your bank account looks certain to erode in value.
Investing, however, can help you to stay ahead of inflation as businesses can price their products higher to keep up with this scourge.
Companies with strong competitive moats can command robust pricing power that enables them to charge their customers more.
We throw the spotlight on four such companies that can ensure your investment portfolio does well even during tough times.
VICOM (SGX: WJP)
VICOM is a leading provider of inspection and technical testing services for vehicles and in non-vehicle fields such as mechanical, biochemical, and civil engineering....