U.S. housing inflation remains steady, with the impact on February's CPI weakening

Mars Finance reports that, according to Jintiao, in February, U.S. housing prices (including owner-occupied, rental, and lodging) continued to ease. Housing accounts for nearly half of the core CPI, and its gradual slowdown over the past three years has been an important factor in moderating overall inflation trends. In February, housing prices rose 0.2% month-over-month for the second consecutive month, with the year-over-year growth rate remaining steady at 3%, well below last year’s 4.2%.