Why "chipflation" is here to stay
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Data: U.S. Bureau of Labor Statistics via FRED; Chart: Emily Peck/AxiosMemory chip prices are skyrocketing, thanks to AI demand, and there's no end in sight.Why it matters: "Chipflation" is pushing up the prices for electronic goods like smartphones and laptops, as well as the costs for cloud storage and hardware — it also helps explain the eye-popping ascents in semiconductor stock prices.While the overall effect on inflation may not be huge — other kinds of products get more weight in the gove
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