Why ASX 200 energy shares should outshine as inflation picks up

The great inflation debate continues.

And the question many S&P/ASX 200 Index (ASX: XJO) investors are asking is, which shares in my portfolio will suffer if inflation picks up and which ASX 200 shares will perform best.

Now, there’s no consensus yet on when inflation will truly pick up the pace.

The Reserve Bank of Australia has echoed other leading central banks like the US Federal Reserve and European Central Bank in saying it’s not overly concerned with inflation in the next few years. That could mean interest rates indeed remain at rock bottom levels until 2024. But global bond markets have been indicating a potentially different…