Inflation in the US has been ticking up in recent months, fuelled in part by price rises for items, such as toys, appliances and furniture, that were affected by the wave of tariffs Trump announced earlier this year.
He has since rolled back some of those plans, including most recently announcing exemptions from tariffs for high-profile consumer food staples like bananas and coffee.
The White House has blamed frustrations on the jump in prices that Trump inherited when he entered office, while arguing that any further rise in prices associated with tariffs would be a one-time move.
But analysts have been concerned about price pressures spreading into other areas, especially as Trump’s crackdown on immigration tightens the supply of workers in sectors such as farming, hospitality and construction.