Will Whirlpool Get Sucked Into the Inflation Vortex?
With higher inflation being felt across the U.S. economy, the CEO of Whirlpool (NYSE: WHR) told Yahoo! Finance Live he expects his company will see its costs rise by $1 billion this year, primarily due to higher commodity prices. That statement followed an outstanding second-quarter earnings report delivered on July 22. While $1 billion would be a major jump in expenses, there are signs that Whirlpool could stay strong through the inflationary period -- provided a few factors line up in its favor.
There's significant disagreement among economists attempting to predict where prices are headed. Some experts forecast that any inflation that occurs this year will be a short-term speed bump caused by a combination of the economic brake of lockdowns being released and an array of shortages, supply-chain issues, and demand surges. Others expect the trend will be more persistent, and thus more disruptive to individuals and businesses alike.
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Source Fool.com
