Global inflation refers to the overall increase in prices of goods and services around the world. It is typically measured by the percentage change in a basket of goods and services over a certain period of time, such as the consumer price index (CPI). Inflation can have a range of impacts on economies and individuals, including reducing purchasing power, impacting wage growth, and affecting the value of financial assets
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Global Auto Parts Market — The case for Mexico’s nearshoring opportunity
Global sales for exported automotive parts or accessories from all countries totaled US$400.4 billion in 2021. Overall, the value of auto parts exports increased by an average 2.9% for all exporting countries since 2017 when auto parts shipments were valued at $389.1 billion. For 2021, collectively, the top five major exporters (Germany, China, US, Japan and Mexico) accounted for more than 50% of the global auto parts market in terms of volume.
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