Suze Orman says to do this right now if you’re worried about inflation

“I personally believe that this inflation is here to stay for quite some time,” Orman recently told CNBC, prior to the release of May’s CPI data from the U.S. Bureau of Labor Statistics.

And Orman says that she has an investment recommendation that may be smart to execute during times of high inflation.

“The No. 1 investment that every single one of you should have no matter what right now is a [U.S. Treasury] Series I bond.”

Also see: The silver lining of surging inflation: I-Bond yields should climb above 9%

I-Bonds are U.S. savings bonds whose yields are adjusted by the prevailing inflation rate. I-Bond rates are the sum of two different rates. The first is a fixed rate when the purchaser buys the bond, and the second is the inflation adjustment rate, which is reset every six months based on inflation. You can find more information about I-Bonds here.

People can invest between $25 and $10,000 in I-bonds, “so there’s no excuse that all of you should not have one,” Orman said.

Also see: I-Bonds offer mouthwatering yields — but there are some arbitrage opportunities available to investors as well

You can only buy them from TreasuryDirect.gov, which notes that the initial interest rate on new Series I savings bonds is 9.62%. And you can buy I-Bonds at that rate through October 2022.

Many Americans are fearful of current economic conditions, a University of Michigan report shows. Consumer sentiment in June dropped to a new low of 50.2, down from a May reading of 58.4

Americans’ expectations for inflation in the coming year increased to 5.4% in June from 3.3% in May, and expectations for inflation in the next five years increased to 3.3% from 3% in the previous month, according to the same report.

See also: Biden to give speech on soaring prices as inflation rate hits a fresh 40-year high

On Friday the Dow dropped as much as 750 points in early trading after higher-than-expected 8.6% inflation data. The S&P 500 Index SPX, -2.68% dropped 2.37% after the release of May’s CPI data on Friday, and tech-heavy Nasdaq COMP, -3.39% shed 2.97%.