Massive AI development poses inflationary threat as consumers pay more for electricity0

• Gear / Gear News and Events, General, News, Newsletters, Security / Security News, US
• July 13, 2026

WASHINGTON– American consumers (and the Federal Reserve) are suffering another headache from high costs. The surge in data center investments — likely to top $700 billion this year — to boost artificial intelligence has made memory chips, computer processors and other equipment, as well as electricity, more expensive, and economists expect it to continue pushing