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CPI data released August 12 shows household electricity prices rose 10% over two years against a 6.2% rise in overall prices, and the AI buildout has moved from a tech story into the Federal Reserve's rate debate. Three Fed officials dissented in July in favor of a hike, with Minneapolis Fed President Neel Kashkari naming data-center investment as a new demand element in American inflation. The men building the machines promised prices would collapse; so far the bill has gone the other way.
