Incoming White House officials said the presidential memorandum would outline an all-of-government approach to bringing down prices for consumers.

President-elect Donald Trump on Monday will sign a memorandum aimed at fighting inflation after he takes office that calls for an "all of government" response to bring down costs for Americans, an incoming White House official said.

President Trump hit the ground running, signing a flurry of executive orders in the hours after he was sworn in for a second term.