Can This Top Blue Chip Stock Handle Soaring Inflation?
In the month of November, the Consumer Price Index, a widely used measure of inflation, jumped 6.8% from a year ago. Sparked by supply-chain disruptions and labor shortages across the economy, it was the highest increase in almost 40 years.
For a company like Home Depot (NYSE: HD) that has done extremely well during the pandemic, the threat of rising costs is a real challenge heading into the new year, having possibly negative implications ahead of what is traditionally a busy spring and summer for the business.
Continue reading to find out how this blue chip stock is dealing with the current situation.
Source Fool.com
