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Inflation will not normalize soon so seek stocks with ‘pricing power,’ strategist says

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A pedestrian walks past a certified pre-owned car sales lot in Alhambra, California on January 12, 2022.

Frederic J. Brown | AFP | Getty Images

Although it will come down from imminent peaks, inflation is unlikely to normalize in the near future, according to Francesco Curto, head of research at asset management firm DWS, as he advised investors to look for companies with strong pricing power.

U.S. inflation came in at 7% in December on an annual basis, according to new figures published on Wednesday, its highest print since 1982. Meanwhile, consumer price rises in the U.K., Europe and elsewhere also hit multi-decade highs in recent months, prompting most central banks to begin guiding the…



Source cnbc.com

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