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'm correspondent Lee Seung-yoon from New York.

[Reporter]
Consumers are busy choosing goods at U.S. marts.

Consumer inflation in the U.S. stopped slowing in October.

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 is noteworthy that the annual growth rate of U.S. consumer prices has stopped the slowdown it has maintained since March and rebounded for the first time in seven months.

Housing prices rose 0.4%p month-on-month, accounting for more than half of the total price index rise.

[Lawrence Yoon / Senior Economist, National Association of Realtors: Home prices are at new highs each month, due to a lack of housing supply.]

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.

[Donald Trump / U.S. President-elect] Tariffs are the most beautiful words in the world. Only stupid people or politicians hate it because they are stupid or corrupt.

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

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.

As a result, consumption in the U.S. is expected to increase at the end of the year, leading to inflation.

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



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