Software Prices See Biggest Increase On Record As AI Data Centers Absorb Global Chip Supply

Software and computer accessory prices surged 14.5% year-over-year in May, marking the largest increase since 2000. Producer prices for electronic components climbed 27% year-over-year, with RAM prices jumping 290% as AI data centers consume most of the global chip supply. These price increases could keep inflation elevated into 2027, compounded by energy costs tied to the Iran War.