Note: I don't actually want to do the below, I'm just curious.
Is there a way to create a short/long position relative to inflation. For example, if I think AAPL is going to grow slower than inflation (whether it goes up or down in an absolute sense), how would I create a 'short' position in that sense? I have a general sense of how to hedge a stock against an index using options. Is there a CPI-tracking security on which options can be purchased?