Here's How Inflation Is Providing Home Depot an Assist

The COVID-19 pandemic, combined with the government and central bank response, has unchained inflation. The illnesses caused by the outbreak have required many workers to take time away from work. Additionally, fear of contracting a deadly virus has reduced their willingness to work at prevailing wages. Meanwhile, fiscal and monetary policies have boosted consumer demand. Unsurprisingly, with customer demand increasing and supply decreasing, prices are higher. 

While that may be negative for many businesses and households, for now, it is providing an assist to Home Depot (NYSE: HD). Let's look closer. 

Image source: Getty Images.

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Source Fool.com