Goldman: AI Boosts US Core Inflation 0.3%

Goldman Sachs says AI is adding to US inflation via higher electronics, software, and electricity costs.
Rising AI infrastructure demand lifts digital memory and battery prices, likely raising smartphone and PC prices soon.
Software firms like Microsoft, Adobe, Duolingo and Intuit have raised prices for AI‑enabled features, feeding inflation.
Data‑center electricity demand could add 0.1‑0.2 ppt to headline PCE inflation; AI already boosted core PCE by ~0.3 ppt and core CPI by ~0.1 ppt.