Inflation was a driving force behind Donald Trump’s election, but he’s put the issue on the back burner during his first week in office.

Trump has promised to cut regulations, impose sweeping tariffs, overhaul energy policy and lower interest rates. But not all of those measures will bring down inflation.

Two months ago, in his first network television interview after the election, Donald Trump said he owed his victory to Americans’ anger over immigration and inflation, specifically the rising cost of groceries.