As consumers around the world feel the bite of higher food and energy prices, investors are looking for ways to spin the pain into opportunity.

That’s why Fast Money’s Jon Najarian said on Wednesday’s Closing Bell that he’s focused on buying stock of companies that provide the infrastructure for energy and agriculture – that is, the “brick-and-mortar, picks-and-shovels” companies that move commodities from point A to point B. Particularly, he is zeroing in on the energy complex since oil shows no signs of stopping its record march higher.

Baker Hughes , Chicago Bridge & Iron and Halliburton are some of Najarian’s favorite inflation hedges. Between the catalysts of high inflation and high demand, these stocks have worked and should continue to work, he said.

For investors who are really worried about the effects of inflation on their holdings, Najarian recommended looking into inflation-indexed bonds like the iShares Lehman TIPS , which are specifically designed to minimize inflation risk.

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