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

During his inauguration speech, President Trump promised to use his federal powers to "defeat what was record inflation and rapidly bring down costs and prices." Read More: Here's What

Trump will probably seek to ease inflation and lower prices by drilling for more oil, loosening regulations, reducing federal spending, experts say.

Economists and analysts aren’t convinced that an expansion of oil and gas production will lower consumer prices.

Despite Trump’s flurry of executive orders, none touched on inflation or consumer costs. 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,