As forecast, we are already seeing clearly that the prices of staples is rising, while the prices on discretionary items are falling away and taking paying jobs with them.
If you have spare cash, and you want to find something smart to buy with it, try some non-perishable foodstuffs. ("Eurgh!? You mean canned stuff?" Yep.) Because you can pretty much guarantee, I think, that you will want to eat. I figure you might as well ensure that you will be able to do so, at least for a while.