Doesn't inflation increase the value of the stuff the company makes?
Example if you have a stock that is worth 100 dollars and inflation increases 1% would it not have 1% less in purchasing power just the same as a 1 dollar bill?
My $100 bill can't increase prices on the products it sells, so no.
If you are going to SELL it? Yes... If you are going to consume it? No...
(BTW a point lost on many)
So, if it takes 40 dollars to FILL my gas tank each week and next year it takes $40.40 each week then I've lost 40 cents on the value of my transportation asset (the ability to travel 1 tank full of gas when all factors for said trip are considered same like MPG and driving conditions etc.)