February CPI: Shelter inflation rises less than expected
February's Consumer Price Index (CPI) report saw inflation rise by 0.2% month-over-month and 2.8% year-over-year, as published by the US Bureau of Labor Statistics (BLS), just below economist expectations of 0.3% monthly and 2.9% annual gains. What does this all mean for shelter inflation and housing costs? Yahoo Finance senior housing reporter Dani Romero comes on Wealth to break down how shelter prices rose 0.3% monthly and 4.2% annually in February, both below economists' expectations, while also examining rent price trends. To watch more expert insights and analysis on the latest market action, check out more Wealth here.