"the combined effects of AI-induced increases in memory, software, and electricity prices will add to 0.5% by year-end."

"the combined effects of AI-induced increases in memory, software, and electricity prices will add to 0.5% by year-end."

Rising memory chip prices have contributed roughly 30 basis points to core PCE inflation, with May 2026 core PCE at 3.4% as AI demand strains supply.