{"id":518126,"date":"2026-06-25T18:10:18","date_gmt":"2026-06-25T18:10:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/518126\/"},"modified":"2026-06-25T18:10:18","modified_gmt":"2026-06-25T18:10:18","slug":"ai-data-center-boom-to-drive-inflation","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/518126\/","title":{"rendered":"AI data center boom to drive inflation"},"content":{"rendered":"\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The AI data center boom is causing a new wave of inflation, data suggested. As oil prices drop with the Iran war quiescent, US consumers might hope price rises could level off. But demand for chips and energy is driving up costs for everything from smartphones to electricity.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The inflationary pressure will be lower than that caused by US tariffs, COVID, or the Iran war \u2014 tech and energy are a small fraction of most people&#8217;s spending \u2014 but it could &#8220;<a href=\"https:\/\/www.wsj.com\/economy\/the-data-center-boom-is-sparking-a-third-wave-of-inflation-926adc6e\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-ylk=\"slk:keep%20inflation%20broadly%20elevated;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkText&quot;:&quot;keep inflation broadly elevated&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;}\">keep inflation broadly elevated<\/a>,&#8221; The Wall Street Journal said. And the data center boom is unlikely to stop: Meta and Microsoft alone have committed <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-24\/meta-microsoft-lead-850-billion-boom-in-data-center-leases\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-ylk=\"slk:tens%20of%20billions%20of%20dollars;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkText&quot;:&quot;tens of billions of dollars&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;}\">tens of billions of dollars<\/a>, while Amazon and Google are leading the <a href=\"https:\/\/www.wsj.com\/business\/energy-oil\/as-ai-companies-race-for-power-amazon-and-google-have-the-lead-1d97af9a\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-ylk=\"slk:race%20for%20new%20power%20sources;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkText&quot;:&quot;race for new power sources&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;}\">race for new power sources<\/a>.  <\/p>\n<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/15CDA6AA021A7474CD225BF53680719226C4DAF0E4B471CAC719C0EADE03EDD2\/subgraphmysterio\/resizefit_w960;quality_80;format_webp\/https:%2F%2Fmedia.zenfs.com%2Fen%2Fsemafor_310%2Fdf1e09f7b96f0729caf28413f0920c42\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"A chart showing Big Tech's future data center lease commitments.\" height=\"676\" width=\"740\" class=\"yf-lglytj loader\"\/><\/a>          <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">\u2014 <a href=\"https:\/\/www.semafor.com\/author\/tom-chivers\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-ylk=\"slk:Tom%20Chivers;elm:context_link;itc:0;sec:content-canvas\" data-yga=\"{&quot;yLinkText&quot;:&quot;Tom Chivers&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;}\">Tom Chivers<\/a>  <\/p>\n","protected":false},"excerpt":{"rendered":"The AI data center boom is causing a new wave of inflation, data suggested. As oil prices drop&hellip;\n","protected":false},"author":2,"featured_media":518127,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,2392,113,61,1095,60,220984],"class_list":["post-518126","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-data-center","tag-economy","tag-ie","tag-inflation","tag-ireland","tag-oil-prices-drop"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/518126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=518126"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/518126\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/518127"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=518126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=518126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=518126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}