Home Depot Predicts Inflation Cooling in 2023, Bringing Sales Decline But Potential Consumer Spending Boost
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Home Depot says the worst of inflation is over, which could mean relief for retailers and shoppers.
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Cooling inflation reduces sales numbers short-term, but long-term can free up money for consumers to spend elsewhere.
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Home Depot predicting sales declines in 2023 after boom during pandemic, calling it a "year of moderation."
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Inventory levels improving at Home Depot, with appliances back in stock, lifting sales.
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Factors like labor costs still drive inflation and influence consumer spending.