If genuine and OEM parts have felt noticeably more expensive recently, it isn't your imagination — several factors are compounding at once.
Currency depreciation against the US dollar directly raises the landed cost of imported components and raw materials, since most parts manufacturing relies on some imported inputs even when final assembly happens locally.
Global shipping and logistics costs, while off their pandemic-era peaks, remain elevated compared to several years ago, and that cost gets passed through the supply chain to the final retail price.
Raw material costs — steel, aluminum, rubber compounds, semiconductor components for sensors and electronics — fluctuate with global commodity markets independent of anything happening locally.
For buyers, this is one more reason the OEM vs aftermarket decision matters more than ever: for safety-critical parts, genuine or OEM remains the safer choice despite the price increase, while for lower-stakes accessories, a reputable aftermarket alternative can meaningfully soften the impact on your budget without a meaningful quality trade-off.