Inflation is just an aggregate, based on a reasonably arbitrary basket of goods that someone decided is representative of the public's expenditure. If the basket doesn't reflect your consumption, then the rate of inflation isn't really relevant to you. Almost all PCE inflation in the last 20 years has come from housing, healthcare, education, and pharmaceuticals. On the other hand, the price of durable goods has fallen. The idea that inflation moves all prices together hasn't been accurate since the 80's.
The trick is to figure out what your liabilities are, how you might be affected by the price of X changing, and invest accordingly to attempt to hedge that risk.
The trick is to figure out what your liabilities are, how you might be affected by the price of X changing, and invest accordingly to attempt to hedge that risk.