Fed’s Barkin says latest CPI data shows price pressures continue to ease

ANNAPOLIS, Maryland (Reuters) – U.S. inflation data for December indicates price pressures are continuing to ease, Richmond Federal Reserve President Thomas Barkin said on Wednesday after a government report showed that an important underlying measure of price increases had slowed last month.

The Consumer Price Index report for December “continues the story we have been on, which is that inflation is coming down towards target,” Barkin told reporters at a Maryland Chamber of Commerce event.