If you’ve been living on the cheap, that could soon change as inflation becomes an increasingly real prospect. Life could get more expensive, but you can use these exchange traded funds (ETFs) to keep it from becoming unbearably so.

When we see inflation, it will hit across the board, but some areas will feel it more than others. According to Economic Policy Journal, those areas are:

1. The Grocery Store: The USDA forecasts a 2% to 3% hike in the cost of all foods in 2011…Expect a big spike in the dairy case and meat counter, where pork alone is forecast to rise between 3% and 4%. [Play Food Price Shock With 4 ETFs.] PowerShares DB Agriculture (NYSEArca: DBA)

2. Gas and Natural Gas: Gas prices are on the rise, and that’s both the kind you use to fuel your car and the kind you use to heat your home in frigid winters. This is one area that could get more expensive even in the absence of inflation. United States Gasoline (NYSEArca: UGA)

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