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News Release Information

23-1575-SAN
Wednesday, July 12, 2023

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

Consumer Price Index, Anchorage area — June 2023

Area prices were up 0.4 percent over the past two months, down 3.3 percent from a year ago

Prices in the Anchorage area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.4 percent for the two months ending in June 2023, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Chris Rosenlund noted that the June increase was influenced by higher prices for food. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U fell 3.3 percent. (See chart 1 and table A.) Food prices fell 18.9 percent. Energy prices decreased 16.0 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy increased 1.8 percent over the year. (See table 1.)

Food

Food prices advanced 1.2 percent for the two months ending in June. (See table 1.) Prices for food at home increased 0.2 percent, led by higher prices for cereals and bakery products (1.1 percent) and other food at home (1.0 percent). Prices for food away from home rose 3.4 percent for the same period.

Over the year, food prices fell 18.9 percent. Prices for food at home decreased 3.7 percent since a year ago, led by lower prices for meats, poultry, fish, and eggs (-12.3 percent). Prices for food away from home decreased 37.3 percent.

Energy

The energy index rose 2.2 percent for the two months ending in June. The increase was mainly due to higher prices for gasoline (4.9 percent). Prices for electricity and natural gas service were unchanged.

Energy prices decreased 16.0 percent over the year, largely due to lower prices for gasoline (-26.6 percent). Prices paid for electricity advanced 5.4 percent, and prices for natural gas service increased 2.5 percent during the past year.

All items less food and energy

The index for all items less food and energy was unchanged in the latest two-month period. Higher prices for apparel (2.9 percent) and education and communication (2.7 percent) were partially offset by lower prices for household furnishings and operations (-2.8 percent) and shelter (-1.6 percent).

Over the year, the index for all items less food and energy increased 1.8 percent. Components contributing to the increase included medical care (6.7 percent) and shelter (2.5 percent). Partly offsetting the increases were price decreases in used cars and trucks (-5.7 percent) and household furnishings and operations (-3.9 percent)).

Table A. Urban Alaska CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month20192020202120222023
2-month12-month2-month12-month2-month12-month2-month12-month2-month12-month

February

0.32.50.0-0.31.01.31.17.40.14.3

April

0.62.7-1.6-2.51.84.81.97.50.83.1

June

2.52.51.0-3.82.56.27.112.40.4-3.3

August

-1.60.70.8-1.50.35.7-4.07.6

October

-1.2-0.30.60.31.26.31.17.6

December

-0.50.0-0.50.30.47.2-1.75.4

The August 2023 Consumer Price Index for the Anchorage area is scheduled to be released on September 13, 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
Apr.
2023
May
2023
Jun.
2023
Jun.
2022
Apr.
2023
May
2023

Expenditure category

All items

Go to web page with historical data for series CUURS49GSA0
258.866-259.930-3.30.4-

All items (1967=100)

Go to web page with historical data for series CUURS49GAA0
690.950-693.790---

Food and beverages

Go to web page with historical data for series CUURS49GSAF
254.135-257.076-18.01.2-

Food

Go to web page with historical data for series CUURS49GSAF1
263.475-266.733-18.91.2-

Food at home

Go to web page with historical data for series CUURS49GSAF11
255.818255.858256.261-3.70.20.2

Cereals and bakery products

Go to web page with historical data for series CUURS49GSAF111
263.822260.276266.738-3.41.12.5

Meats, poultry, fish, and eggs

Go to web page with historical data for series CUURS49GSAF112
231.548231.597231.095-12.3-0.2-0.2

Dairy and related products

Go to web page with historical data for series CUURS49GSEFJ
252.587253.316252.444-0.2-0.1-0.3

Fruits and vegetables

Go to web page with historical data for series CUURS49GSAF113
395.003381.150392.2780.7-0.72.9

Nonalcoholic beverages and beverage materials(1)

Go to web page with historical data for series CUURS49GSAF114
181.740186.928181.1782.7-0.3-3.1

Other food at home

Go to web page with historical data for series CUURS49GSAF115
215.143219.724217.226-3.01.0-1.1

Food away from home

Go to web page with historical data for series CUURS49GSEFV
275.176-284.402-37.33.4-

Alcoholic beverages

Go to web page with historical data for series CUURS49GSAF116
164.907-164.9692.20.0-

Housing

Go to web page with historical data for series CUURS49GSAH
231.437-227.8321.6-1.6-

Shelter

Go to web page with historical data for series CUURS49GSAH1
235.080235.394231.3402.5-1.6-1.7

Rent of primary residence(2)

Go to web page with historical data for series CUURS49GSEHA
225.935226.218226.2985.50.20.0

Owners' equiv. rent of residences(2)

Go to web page with historical data for series CUURS49GSEHC
235.319235.258231.3982.7-1.7-1.6

Owners' equiv. rent of primary residence(2)

Go to web page with historical data for series CUURS49GSEHC01
235.319235.258231.3982.7-1.7-1.6

Fuels and utilities

Go to web page with historical data for series CUURS49GSAH2
354.985-354.6932.7-0.1-

Household energy

Go to web page with historical data for series CUURS49GSAH21
358.007357.385357.6363.4-0.10.1

Energy services

Go to web page with historical data for series CUURS49GSEHF
398.125398.125398.1254.10.00.0

Electricity

Go to web page with historical data for series CUURS49GSEHF01
336.551336.551336.5515.40.00.0

Utility (piped) gas service

Go to web page with historical data for series CUURS49GSEHF02
478.719478.719478.7192.50.00.0

Household furnishings and operations

Go to web page with historical data for series CUURS49GSAH3
145.758-141.738-3.9-2.8-

Apparel

Go to web page with historical data for series CUURS49GSAA
153.739-158.2173.02.9-

Transportation

Go to web page with historical data for series CUURS49GSAT
285.980-292.705-6.52.4-

Private transportation

Go to web page with historical data for series CUURS49GSAT1
288.461-297.033-5.83.0-

New and used motor vehicles(3)

Go to web page with historical data for series CUURS49GSETA
134.687-136.7330.91.5-

New vehicles(1)

Go to web page with historical data for series CUURS49GSETA01
280.319-280.2803.10.0-

Used cars and trucks(1)

Go to web page with historical data for series CUURS49GSETA02
362.026-377.449-5.74.3-

Motor fuel

Go to web page with historical data for series CUURS49GSETB
319.662323.195334.230-26.74.63.4

Gasoline (all types)

Go to web page with historical data for series CUURS49GSETB01
319.737323.763335.278-26.64.93.6

Gasoline, unleaded regular(4)

Go to web page with historical data for series CUURS49GSS47014
307.901311.693323.399-27.05.03.8

Gasoline, unleaded midgrade(4)(5)

Go to web page with historical data for series CUURS49GSS47015
308.220312.462322.629-25.74.73.3

Gasoline, unleaded premium(4)

Go to web page with historical data for series CUURS49GSS47016
327.100331.553340.768-25.14.22.8

Medical care

Go to web page with historical data for series CUURS49GSAM
--733.1366.7--

Recreation(3)

Go to web page with historical data for series CUURS49GSAR
141.333-140.5431.7-0.6-

Education and communication(3)

Go to web page with historical data for series CUURS49GSAE
111.737-114.736-0.82.7-

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

Go to web page with historical data for series CUURS49GSEEB
777.275-786.7872.11.2-

Other goods and services

Go to web page with historical data for series CUURS49GSAG
440.363-448.7749.51.9-

Commodity and service group

All items

Go to web page with historical data for series CUURS49GSA0
258.866-259.930-3.30.4-

Commodities

Go to web page with historical data for series CUURS49GSAC
211.294-213.766-11.41.2-

Commodities less food & beverages

Go to web page with historical data for series CUURS49GSACL11
189.814-192.057-6.51.2-

Nondurables less food & beverages

Go to web page with historical data for series CUURS49GSANL11
242.516-246.257-10.11.5-

Durables

Go to web page with historical data for series CUURS49GSAD
145.410-146.541-3.30.8-

Services

Go to web page with historical data for series CUURS49GSAS
299.938-299.3922.9-0.2-

Special aggregate indexes

All items less medical care

Go to web page with historical data for series CUURS49GSA0L5
243.280-243.685-4.10.2-

All items less shelter

Go to web page with historical data for series CUURS49GSA0L2
268.591-272.075-5.81.3-

Commodities less food

Go to web page with historical data for series CUURS49GSACL1
189.078-191.186-6.21.1-

Nondurables

Go to web page with historical data for series CUURS49GSAN
248.729-251.952-14.91.3-

Nondurables less food

Go to web page with historical data for series CUURS49GSANL1
236.527-239.801-9.41.4-

Services less rent of shelter(2)

Go to web page with historical data for series CUURS49GSASL2RS
406.373-412.4583.51.5-

Services less medical care services

Go to web page with historical data for series CUURS49GSASL5
275.503-273.5542.4-0.7-

Energy

Go to web page with historical data for series CUURS49GSA0E
337.391338.947344.850-16.02.21.7

All items less energy

Go to web page with historical data for series CUURS49GSA0LE
254.628-255.341-2.20.3-

All items less food and energy

Go to web page with historical data for series CUURS49GSA0L1E
253.973-254.0281.80.0-

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: Wednesday, July 12, 2023