U.S. consumer prices are rising...Trump Effect Closes Inflation Concerns

[Anchor]
U.S. consumer inflation rose 2.6% in October from a year ago, halting a slowdown and rebounding for the first time in seven months.

Inflation concerns are growing due to rising consumption in the United States, which is about to enter the year-end shopping season, and a warning from President-elect Donald Trump's tariff bomb.

I'll connect to New York to find out more about it.

Correspondent Lee Seungyoon!

U.S. consumer inflation stopped slowing in October?

[Reporter]
Yes, it is.

The U.S. consumer price index rose 2.6 percentage points in October from a year earlier, up 0.2 percentage points from September's annual gain of 2.4 percent.

It's worth noting that annual growth in U.S. consumer prices has stopped the slowdown it has held since March and rebounded for the first time in seven months.

It fell to 3.5% in March and 3.4% in April, falling to 2.4% in September, but rose to 2.6% in October, breaking the downward trend.

Housing prices rose 0.4% month-on-month, accounting for more than half of the total price index rise, which is attributed to the lingering shortage of housing supply in the U.S.

Excluding short-term volatile energy and food in the flagship index, the core index, which explains price trends well, rose 3.3% from a year ago, above the U.S. Federal Reserve's 2% target.

In the meantime, concerns are rising that Donald Trump's realization of the tariff bomb, his presidential pledge, could trigger inflation.

Economists have warned that Trump's other pledges - tax cuts and illegal immigrant deportation policies - could also stoke inflation.

In addition, traditionally, consumption in the United States is expected to increase at the end of the year, driving inflation.

In fact, the U.S. retail industry, including department stores, which have already been decorated with colorful Christmas decorations, has begun preparing for the year-end shopping season, which will begin on Black Friday on the 24th.

I'm YTN's Lee Seungyoon from New York.