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‘There is additional inflation coming’: Automobile sections retailer warns

Vehicle element rates are climbing faster than anticipated and inflation will warmth up into year-conclusion, according to the main economical officer of Progress Auto Components, just one of the country’s most important aftermarket areas companies.

Offer-chain disruptions induced by the COVID-19 pandemic, a labor scarcity, wage inflation and bigger uncooked elements prices contributed to inflation by now exceeding the company’s expectations, and there is no finish in sight. 

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AAP Progress Car Sections, INC. 207.78 +.01 +.00%

“There is more inflation coming,” explained

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