Intel warns that price hikes are coming this year

Intel is getting ready to increase the prices of its CPUs and chips. Nikkei reports that the chip maker will raise prices on its flagship CPUs and a wide range of other chips later this year, including Wi-Fi and other connectivity chips.

The price increases could come into effect in autumn and the percentage increases are likely to range from a minimal single-digit increase to more than 10% and 20% in some cases.

All of this suggests that consumers can expect to see higher prices for computers in the not-so-distant future - all of which could also have an impact on holiday spending as the year draws to a close.

The news comes amid surging inflation across the country and worries about a possible recession. Inflation broke a US record with a 9.1% increase in consumer prices in June.

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