Inflation is creeping up everywhere. Prices for gold, silver. oil, gasoline, food, even soft drinks are all creeping higher. You see it every day.

Unhappy people demand change.

This is a dangerous blend. When the cost of living goes up and income doesn’t follow, people get squeezed. And unhappy people soon become restless and demand change. Just ask former Egyptian president Hosni Mubarak.

I’m not predicting riots or revolution here in the U.S. I am concerned, however, that our leaders in Washington don’t realize the danger they are creating with their free-spending, money-creating policies. They are walking a tightrope without a net.

So if inflation gets out of hand, how can you make the best of it?

ETFs are my top choice! You can quickly and easily build a well-balanced portfolio that protects you from the ravages of inflation — and could even let you profit.

Here are four groups of inflation-fighting ETFs you might consider …

ETF Inflation Fighter #1:

Government bonds are usually one of the worst things you can own in an inflationary economy. But what if you could buy bonds whose principal automatically adjusts to keep up with inflation? Now you can — and you can do it through ETFs.

Treasury Inflation-Protected Securities, often called TIPS, are issued by the U.S. Treasury as well as some other national governments. The concept is simple: If an inflation benchmark like the Consumer Price Index goes up too fast, the bond’s value is given an extra boost. This keeps bond holders from losing their purchasing power.

Buying individual TIPS bonds is possible but impractical for small investors. ETFs are the better way for most people. Here are a few you may want to look at, based on your particular needs:

• SPDR Barclays TIPS ETF (IPE)
• iShares Barclays TIPS Fund (TIP)
• PIMCO Broad U.S. TIPS Index Fund (TIPZ)
• Schwab U.S. TIPS (SCHP)
• iShares Barclays 0-5 Year TIPS Bond Fund (STIP)
• PIMCO 1-5 Year TIPS Index Fund (STPZ)
• PIMCO 15+ Year U.S. TIPS Index Fund (LTPZ)
• SPDR DB International Government Inflation Protected Bond (WIP)

Incidentally, if you have a brokerage account at Fidelity you can buy and sell TIP without a transaction fee. Schwab customers can do the same for SCHP.

ETF Inflation Fighter #2:

A “real return” ETF is designed to give you just that: A “real” return when inflation rears its ugly head, and hopefully without making you take too wild a ride along the way. In investment-speak “real” means “inflation-adjusted.”

IQ Real Return ETF (CPI) tries to do this by allocating assets between various investment categories, which can include stocks, Treasury instruments, foreign currencies, and gold. Its goal is to outperform the U.S. inflation rate, as measured by the Consumer Price Index.

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CPI is a fairly new ETF, and it’s not clear yet whether it will be able to achieve its objective. Nonetheless, I’m glad it is available and hope sponsors will offer more such funds.