A. Treasury Inflation Protected Securities (TIPS) is a good inflation hedging tool, however, it is not a perfect inflation fighting tool because it is vulnerable to rising interest rates - when rates rise, bond prices fall.
One way to minimize the risks is to choose a short-term TIPS fund with less interest-rate sensitivity, such as Vanguard Short Term Inflation Protected Securities (VTIP), it is an exchange-traded fund and has one of the lowest fees - only 0.07%.