Has a fund like this been created already?

I was thinking about something like a "daily necessities" type fund that allows individuals to hedge themselves against rising prices in a variety of sectors / commodities simultaneously....specifically with regard to everyday things like food and gas. Does this exist?

 

yep...garage or public storage

http://www.readydepot.com/servlet/the-204/Yoders-Canned-Bacon-Celebrity/Detail

 

ok, that's just gross.

 

VDC from Vanguard (ETF) and XLP . Search "consumer staples ETF"

 

thanks thegazelle...

...so what exactly is that index/fund? I noticed the S&P Consumer Staples....