26% increase on something that is priced into the price of everything else is huge. In comparison the RAM price surge is a big deal in the consumer market but not nearly as bad as the chip shortages a few years back for industrial use. Fuel consumption is not really elastic either. Most people don't really need a new PC, but if you can't afford gas you will end up jobless real quick.

It can also get a lot worse very quickly when countries' strategic reserves run dry.