Stagflation is the combination of rising prices with a stagnant or declining economy. Here, you have unemployment rising as job openings vanish, while at the same time, food, insurance, shelter, and taxation continue to rise. People are struggling to make ends meet. The central bank and politicians are reluctant to use the word “stagflation,” as everyone wants the public to believe that the economy is growing rather than stagnating.

https://www.armstrongeconomics.com/international-news/north_america/americas-current-economy/unemployed-outnumber-job-openings-in-us/

I asked the Google :

Where to put money in stagflation?
Assuming that stagflation is the result of rising inflation and falling (or stagnant) economic growth, then the best assets to consider owning are physical assets such as precious metals, cash and inflation protected securities such as inflation linked bonds
What was the best investment in the 1970s stagflation?
Gold is typically a favored investment during periods of stagflation. The 1970’s is a good example of a time of stagflation – stocks did poorly and so did bonds, but gold outperformed both of those asset classes handily.