Warren Buffett says this is the best type of business to own when inflation spikes — in other words, what you should buy right now

High inflation rates in the country have become a serious concern on Wall Street.

But fortunately for everyday investors, Berkshire Hathaway chief Warren Buffett has plenty of experience in navigating such an environment.

Buffett managed a stock portfolio through periods of double-digit inflation rates in the 1970s and has plenty of advice on what to own when…