Consumer Price Index, Anchorage – Second Half 2013
Area prices up 1.4 percent over the past six months, up 3.5 percent from a year ago
Prices in the greater Anchorage area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 1.4 percent in the second half of 2013, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Richard J. Holden noted that this latest six-month period increase was influenced by higher prices for shelter and apparel. (Data in this report are not seasonally adjusted. Accordingly, six-month-to-six-month changes may reflect seasonal influences.)
Over the past 12 months, the CPI-U rose 3.5 percent. (See chart 1.) Energy prices declined 1.0 percent, mainly due to a decrease in the price of gasoline. The index for all items less food and energy increased 4.6 percent over the year.
Food prices advanced 0.5 percent in the second half of 2013. (See table 1.) Prices for food away from home were up 1.5 percent for the past six months. Prices for food at home were unchanged for the same period.
For the year ending in the second half of 2013, food prices rose 0.8 percent. Prices for food away from at home advanced 1.1 percent during the past 12 months, and prices for food at home increased 0.3 percent.
Energy prices decreased 2.6 percent since the first half of 2013. The decrease was strongly influenced by lower prices for natural gas service (-11.3 percent). Gasoline prices moved down 1.4 percent, while electricity prices moved up 2.3 percent.
Energy prices decreased 1.0 percent over the year, mainly due to a 2.6 percent decline in gasoline prices. Natural gas service prices decreased 3.3 percent, but electricity prices were 6.3 percent higher for the past year.
All items less food and energy
The index for all items less food and energy increased 2.0 percent from the first half of 2013 to the second half of 2013. Among the index components, increases were recorded for apparel (9.5 percent) and shelter (2.0 percent). In contrast, lower prices were recorded for household furnishings and operations (-1.9 percent), recreation (-0.7 percent), and other goods and services (-0.5 percent).
Over the year, the index for all items less food and energy advanced 4.6 percent. Prices increased for apparel (5.4 percent), education and communication (3.9 percent), shelter (3.2 percent), and medical care (2.9 percent). In contrast, lower prices were recorded for recreation (-0.3 percent).
In the second half of 2013, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 212.554, up 1.7 percent. The CPI-W increased 3.9 percent over the year.
The first half of 2014 Consumer Price Index for Anchorage is scheduled to be released August 19, 2014.