Consumables

Consumables
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Goods used by individuals and businesses that must be replaced
regularly because they wear out or are used up. Consumables
can also be defined as the components of an end product that
are used up or permanently altered in the process of
manufacturing, such as semiconductor wafers and basic chemicals.


Investopedia Says:
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Stocks of companies that make consumables are considered to
be relative safe harbors for equity investors when the economy
shows signs of weakness. The reasoning is simple: people will
always need to purchase groceries, clothes and gas no matter
what is going on in the broad economy.

Many of the items measured in the basket of goods used to
calculate the Consumer Price Index (CPI) are consumables;
inflation in these items is closely watched because it can
lower the discretionary income people have to spend on items
such as cars, vacations and entertainment.