The data add to evidence that the labor market is starting to soften after a year's worth of interest-rate hikes.
Prices of groceries dropped for the first time since 2020 and household energy slid by the most in almost nine years.
The collapse of four banks in March prompted many lenders to tighten standards on business loans.
Goldman estimates that seven in 10 U.S. workers would see their jobs impacted by AI.
The probability of a downturn in the next 12 months stands at 65%, according to a Bloomberg survey of economists.
The median price slipped 0.2% in February from a year earlier to $363,000.
Inflation again appears to be cooling just as the warning bells sound in the financial sector.
The trend is particularly strong in the Southeast.
Initial unemployment claims rose by 13,000 to 196,000 in the week ended Feb. 4.
The report also showed some signs of stress for American consumers whose wages have failed to keep up with inflation.
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