The incoming president is set to inherit three months of rising inflation from his predecessor, the Consumer Price Index shows.

Donald Trump will enter office with big plans to make his 2017 tax cuts permanent, solve a generational migration crisis, beef up the U.S. military to face down a rising China and to remake world trade through tariffs and combative negotiation.

Donald Trump’s second term as U.S. President is marked by sweeping proposals, including stricter immigration measures, expansive tariffs, and a renewed focus on traditional energy sources. With over 100 executive orders planned for his first day in office,

President-elect Donald Trump will re-enter the White House next week against a more challenging economic backdrop than when he was sworn in for the first time in 2017 — starting with the threat of inflation.

Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.

Donald Trump's economic plans risk reigniting US inflation, International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas told AFP, a few days before the president-elect returns to the White House.

Consumer prices rose 2.9% in December from a year earlier, marking the third consecutive monthly uptick in annual inflation.

Big investors are enjoying a stock market at an all-time high, driven by the tycoon’s victory. However, they are beginning to become suspicious of his costly proposals, which would drive up inflation

NBC News spoke to 18 Trump backers who didn't vote for him in 2020. They are largely hopeful about the next administration, though some are skeptical he can fulfill his promises.

Trump’s economic policies—such as tax cuts, deregulation, and restrictions on immigration—could drive inflation higher in the short term.