Inflation linked bonds are a great way through which one can hedge their portfolio from inflation. The value of these bonds is linked to the inflation levels whereby its value rises when inflation rises. These bonds also have a very low correlation coefficient with stocks and other fixed income instruments. The index which these bonds closely track is the CPI (consumer price index) of the country in which these bonds have been issued.
Treasury Inflation Protected securities (TIPS) are issued by the US government to track the US CPI levels. Similar bonds are issued in UK, Canada and India. Another point worth mentioning for these bonds would that these bonds may not perform the best in current times when we would be wanting inflations levels to be cooling (deflation). Since the principal value and the coupon payments are all inflation adjusted their value would tend to fall during deflationary periods.
You can buy these bonds via an ETF as well. Eg: Ishares TIPS Bond ETF is available to buy via your online broker.
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