... or consider these five trusts

RUSS Mould likes industrial real estate investment trusts (REITs) as some earn an income from rental contracts that rise in line with inflation.

‘These look attractive when prices rise, as long as their tenants don’t go bust,’ he says.

One favourite is Industrials REIT, formerly known as Stenprop. It focuses on warehouses located on the edge of towns, which are in strong demand thanks to the rise in online shopping.

The shares are up more than 40 per cent in the past year at £1.99, reflecting the increased interest in this area.

Two other inflation-busting REITs are healthcare facilities landlord Assura and social care specialist Civitas Social Housing.

Mould adds: ‘Their income streams are Government-backed and received through local authorities or housing associations, which helps them to withstand inflation.’

Publicly owned infrastructure is another sector in which price rises can be passed on to customers. To invest in this theme, Jason Hollands suggests stock market-listed fund HICL Infrastructure, which holds 100 assets including hospitals, tunnels, roads and schools.

The shares are yielding 4.7 per cent at £1.74, so are good for income seekers too.

For those who want an ethical pick, James Carthew suggests JLEN Environmental Assets.

This investment company has a portfolio of environmental infrastructure projects, from anaerobic waste digestion to hydro and wind power.

The revenues of nearly three quarters of the projects it invests in are linked to inflation.

At £1.02, its shares are down 10 per cent in 12 months, but it’s well placed to capitalise on long-term climate trends.