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Chips' rising costs impact UK economy
British markets expect inflation data to rise to 2.9% in July, as new pressures emerge due to a shortage of memory chips linked to the acceleration of the artificial intelligence sector and rising energy costs. The shortage of AI-related components is driving up the prices of electronic devices such as Apple products and gaming consoles, which may contribute to continued inflation throughout the second half of the year. This inflation is expected to keep the Bank of England on alert, with calls to maintain a more aggressive monetary policy, especially given the impact of the Middle East war on prices. Meanwhile, experts emphasize that the rapid expansion of AI infrastructure is an unexpected factor that intensifies inflationary pressures.
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