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News Release Information

22-2155-SAN
Thursday, November 10, 2022

Contacts Technical information: Media contact:
  • (415) 625-2270

Consumer Price Index, Anchorage area — October 2022

Area prices were up 1.1 percent over the past two months, up 7.6 percent from a year ago

Prices in the Anchorage area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 1.1 percent for the two months ending in October 2022, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Chris Rosenlund noted that the October increase was influenced by higher prices for gasoline and shelter. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U increased 7.6 percent. (See chart 1 and table A.) Food prices rose 5.4 percent. Energy prices increased 22.4 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy increased 6.6 percent over the year. (See table 1.)

Chart 1. Over-the-year percent change in CPI-U, Urban Alaska, October 2019-October 2022
Food

Food prices advanced 1.0 percent for the two months ending in October. (See table 1.) Prices for food at home declined 0.5 percent, led by lower prices for meats, poultry, fish, and eggs (-1.7 percent). Prices for food away from home rose 4.0 percent for the same period.

Over the year, food prices rose 5.4 percent. Prices for food at home rose 4.2 percent since a year ago, with higher prices in five of the six grocery categories. Prices for food away from home rose 7.7 percent.

Energy

The energy index increased 4.0 percent for the two months ending in October. The increase was mainly due to higher prices for gasoline (6.5 percent). Prices for electricity advanced 1.2 percent, and prices for natural gas service rose 0.4 percent for the same period.

Energy prices increased 22.4 percent over the year, largely due to higher prices for gasoline (41.2 percent). Prices paid for natural gas service increased 2.6 percent, but prices for electricity decreased 2.8 percent during the past year.

All items less food and energy

The index for all items less food and energy increased 0.9 percent in the latest two-month period. Higher prices for other goods and services (1.7 percent), recreation (1.6 percent), and shelter (0.6 percent) were partially offset by lower prices for used cars and trucks (-6.5 percent) and apparel (-3.4 percent).

Over the year, the index for all items less food and energy increased 6.6 percent. Components contributing to the increase included shelter (9.8 percent), recreation (6.6 percent), and medical care (4.8 percent). Partly offsetting the increases was a price decrease in apparel (-1.4 percent).

Table A. Urban Alaska CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month2019202020212022
2-month12-month2-month12-month2-month12-month2-month12-month

February

0.32.50.0-0.31.01.31.17.4

April

0.62.7-1.6-2.51.84.81.97.5

June

2.52.51.0-3.82.56.27.112.4

August

-1.60.70.8-1.50.35.7-4.07.6

October

-1.2-0.30.60.31.26.31.17.6

December

-0.50.0-0.50.30.47.2

The December 2022 Consumer Price Index for the Anchorage area is scheduled to be released on January 12, 2023.


Technical Note

The Consumer Price Index (CPI) is a measures of the average change in prices over time in a fixed market basket of goods and services. The Bureau of Labor Statistics publishes CPIs for two population groups: (1) a CPI for All Urban Consumers (CPI-U) which covers approximately 93 percent of the total U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. population. The CPI-U includes, in addition to wage earners and clerical workers, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force.

The CPI is based on prices of food, clothing, shelter, and fuels, transportation fares, charges for doctors' and dentists' services, drugs, and the other goods and services that people buy for day-to-day living. Each month, prices are collected in 75 urban areas across the country from about 6,000 housing units and approximately 22,000 retail establishments—department stores, supermarkets, hospitals, filling stations, and other types of stores and service establishments. All taxes directly associated with the purchase and use of items are included in the index.

The index measures price changes from a designated reference date; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000.  Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.

In calculating the index, price changes for the various items in each location are averaged together with weights that represent their importance in the spending of the appropriate population group. Local data are then combined to obtain a U.S. city average. Because the sample size of a local area is smaller, the local area index is subject to substantially more sampling and other measurement error than the national index. In addition, local indexes are not adjusted for seasonal influences. As a result, local area indexes show greater volatility than the national index, although their long-term trends are quite similar. NOTE: Area indexes do not measure differences in the level of prices between cities; they only measure the average change in prices for each area since the base period.

The Urban Alaska area covered in this release consists of Anchorage and Matanuska-Susitna Borough in the State of Alaska.

Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: 202-691-5200; Telecommunications Relay Service: 7-1-1.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods

Urban Alaska (1982-84=100 unless otherwise noted)
Item and Group

IndexesPercent change from-
Historical
data
Aug.
2022
Sep.
2022
Oct.
2022
Oct.
2021
Aug.
2022
Sep.
2022

Expenditure category

All items

Go to web page with historical data for series CUURS49GSA0
258.149-261.0937.61.1-

All items (1967=100)

Go to web page with historical data for series CUURS49GAA0
689.035-696.892---

Food and beverages

Go to web page with historical data for series CUURS49GSAF
253.686-256.2805.21.0-

Food

Go to web page with historical data for series CUURS49GSAF1
263.673-266.2395.41.0-

Food at home

Go to web page with historical data for series CUURS49GSAF11
263.396262.717262.1484.2-0.5-0.2

Cereals and bakery products

Go to web page with historical data for series CUURS49GSAF111
273.922-271.1753.5-1.0-

Meats, poultry, fish, and eggs

Go to web page with historical data for series CUURS49GSAF112
248.495-244.159-8.8-1.7-

Dairy and related products

Go to web page with historical data for series CUURS49GSEFJ
256.274-255.5618.3-0.3-

Fruits and vegetables

Go to web page with historical data for series CUURS49GSAF113
396.445-399.9356.50.9-

Nonalcoholic beverages and beverage materials(1)

Go to web page with historical data for series CUURS49GSAF114
186.424-189.10117.01.4-

Other food at home

Go to web page with historical data for series CUURS49GSAF115
219.255-217.4358.8-0.8-

Food away from home

Go to web page with historical data for series CUURS49GSEFV
259.763-270.2277.74.0-

Alcoholic beverages

Go to web page with historical data for series CUURS49GSAF116
159.495-162.6793.02.0-

Housing

Go to web page with historical data for series CUURS49GSAH
227.265-228.5577.60.6-

Shelter

Go to web page with historical data for series CUURS49GSAH1
230.430231.278231.8839.80.60.3

Rent of primary residence(2)

Go to web page with historical data for series CUURS49GSEHA
218.464219.850221.0817.71.20.6

Owners' equiv. rent of residences(2)

Go to web page with historical data for series CUURS49GSEHC
229.592231.674234.27610.32.01.1

Owners' equiv. rent of primary residence(2)

Go to web page with historical data for series CUURS49GSEHC01
229.592231.674234.27610.32.01.1

Fuels and utilities

Go to web page with historical data for series CUURS49GSAH2
349.009-351.6761.20.8-

Household energy

Go to web page with historical data for series CUURS49GSAH21
351.625352.073354.7080.00.90.7

Energy services

Go to web page with historical data for series CUURS49GSEHF
389.566389.566392.574-0.20.80.8

Electricity

Go to web page with historical data for series CUURS49GSEHF01
324.079324.079327.825-2.81.21.2

Utility (piped) gas service

Go to web page with historical data for series CUURS49GSEHF02
476.840476.840478.7192.60.40.4

Household furnishings and operations

Go to web page with historical data for series CUURS49GSAH3
144.281-144.3481.30.0-

Apparel

Go to web page with historical data for series CUURS49GSAA
157.724-152.303-1.4-3.4-

Transportation

Go to web page with historical data for series CUURS49GSAT
292.096-302.77614.73.7-

Private transportation

Go to web page with historical data for series CUURS49GSAT1
304.353-308.93713.81.5-

New and used motor vehicles(3)

Go to web page with historical data for series CUURS49GSETA
135.707-134.3553.9-1.0-

New vehicles(1)

Go to web page with historical data for series CUURS49GSETA01
274.213-275.4444.20.4-

Used cars and trucks(1)

Go to web page with historical data for series CUURS49GSETA02
399.498-373.6351.3-6.5-

Motor fuel

Go to web page with historical data for series CUURS49GSETB
407.658393.029432.07041.66.09.9

Gasoline (all types)

Go to web page with historical data for series CUURS49GSETB01
407.215393.087433.79541.26.510.4

Gasoline, unleaded regular(4)

Go to web page with historical data for series CUURS49GSS47014
393.535379.547419.33941.66.610.5

Gasoline, unleaded midgrade(4)(5)

Go to web page with historical data for series CUURS49GSS47015
390.052378.411417.23141.87.010.3

Gasoline, unleaded premium(4)

Go to web page with historical data for series CUURS49GSS47016
410.206397.346436.32639.36.49.8

Medical care

Go to web page with historical data for series CUURS49GSAM
--702.9134.8--

Recreation(3)

Go to web page with historical data for series CUURS49GSAR
137.233-139.4746.61.6-

Education and communication(3)

Go to web page with historical data for series CUURS49GSAE
115.412-116.0240.70.5-

Tuition, other school fees, and child care(1)

Go to web page with historical data for series CUURS49GSEEB
766.816-774.5221.31.0-

Other goods and services

Go to web page with historical data for series CUURS49GSAG
409.969-416.9687.11.7-

Commodity and service group

All items

Go to web page with historical data for series CUURS49GSA0
258.149-261.0937.61.1-

Commodities

Go to web page with historical data for series CUURS49GSAC
218.663-220.3887.40.8-

Commodities less food & beverages

Go to web page with historical data for series CUURS49GSACL11
200.328-201.6338.70.7-

Nondurables less food & beverages

Go to web page with historical data for series CUURS49GSANL11
262.425-267.98016.12.1-

Durables

Go to web page with historical data for series CUURS49GSAD
150.365-149.2362.5-0.8-

Services

Go to web page with historical data for series CUURS49GSAS
291.333-295.3647.71.4-

Special aggregate indexes

All items less medical care

Go to web page with historical data for series CUURS49GSA0L5
242.594-245.7047.81.3-

All items less shelter

Go to web page with historical data for series CUURS49GSA0L2
269.989-273.6916.61.4-

Commodities less food

Go to web page with historical data for series CUURS49GSACL1
198.855-200.2248.50.7-

Nondurables

Go to web page with historical data for series CUURS49GSAN
257.861-261.7759.91.5-

Nondurables less food

Go to web page with historical data for series CUURS49GSANL1
254.057-259.41815.32.1-

Services less rent of shelter(2)

Go to web page with historical data for series CUURS49GSASL2RS
390.374-398.9465.42.2-

Services less medical care services

Go to web page with historical data for series CUURS49GSASL5
266.550-270.7748.01.6-

Energy

Go to web page with historical data for series CUURS49GSA0E
384.929376.667400.34322.44.06.3

All items less energy

Go to web page with historical data for series CUURS49GSA0LE
251.110-253.3306.40.9-

All items less food and energy

Go to web page with historical data for series CUURS49GSA0L1E
249.289-251.4526.60.9-

Footnotes
(1) Indexes on a December 1978=100 base.
(2) Indexes on a December 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.

- Data not available
NOTE: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: Thursday, November 10, 2022