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Electricity prices rising by double the rate of inflation. Data center demand means no relief ahead, analysts say

Electricity prices jumped 6.9% in 2025 year over year, more than double the headline inflation rate of 2.9%, according to Goldman Sachs. Prices will continue to rise through the end of the decade as data centers make up 40% of electricity demand growth, the bank said. This will lower disposable income, drag down consumer spending and slightly slow economic growth in the coming years, Goldman said.

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CNBC