The Federal Reserve has said it believes the current spike in prices is due to the unusual situation caused by the pandemic and subsequent recovery. Certainly there are reasons to believe that special circumstances related to supply chain constraints, low inventory levels, and the sharp rebound in consumer demand should normalize. 

But many people don't want to take a chance on losing hefty paper gains, and want to shift at least some investments as a hedge in case inflation turns out to be more than transitory. These three stocks in the industrial sector have built-in protections from inflation, but also give investors a good reason to own them beyond that. 

For years, income investors declared Kinder Morgan(NYSE:KMI) a "tollbooth" investment thanks to the recurring income from its vast network of pipelines that include take-or-pay contracts or set-fee payments. The company passed along to shareholders the reliable income it collected from delivering fuel through its pipelines, regardless of the price of commodities like oil or natural gas. 

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