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News Release Information

22-1497-SAN
Wednesday, July 13, 2022

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

Consumer Price Index, Anchorage area — June 2022

Area prices were up 7.1 percent over the past two months, up 12.4 percent from a year ago

Prices in the Anchorage area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 7.1 percent for the two months ending in June 2022, 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 jumped 12.4 percent. (See chart 1 and table A.) Food prices jumped 35.9 percent. Energy prices jumped 32.1 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy advanced 6.3 percent over the year. (See table 1.)

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

Food prices jumped 23.7 percent for the two months ending in June. (See table 1.) Food at home advanced 0.5 percent, primarily due to higher prices for dairy and related products. Prices for food away from home jumped 72.5 percent for the same period.

Over the year, food prices jumped 35.9 percent. Prices for food at home rose 10.5 percent since a year ago, led by higher prices for the other food at home category (17.1 percent). Prices for food away from home jumped 88.6 percent.

Energy

The energy index rose 10.6 percent for the two months ending in June. The increase was mainly due to higher prices for gasoline (18.0 percent). Prices for electricity and natural gas service were unchanged during the past month.

Energy prices jumped 32.1 percent over the year, largely due to higher prices for gasoline (63.8 percent). Prices for electricity declined 4.6 percent and prices for natural gas service declined 1.7 percent for the past year.

All items less food and energy

The index for all items less food and energy increased 3.5 percent in the latest two-month period. Higher prices for recreation (5.5 percent) and shelter (3.4 percent) contributed to the increase.

Over the year, the index for all items less food and energy advanced 6.3 percent. Components contributing to the increase included other goods and services (8.9 percent) and shelter (8.0 percent).

Table A. Urban Alaska CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2019 2020 2021 2022
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

0.3 2.5 0.0 -0.3 1.0 1.3 1.1 7.4

April

0.6 2.7 -1.6 -2.5 1.8 4.8 1.9 7.5

June

2.5 2.5 1.0 -3.8 2.5 6.2 7.1 12.4

August

-1.6 0.7 0.8 -1.5 0.3 5.7

October

-1.2 -0.3 0.6 0.3 1.2 6.3

December

-0.5 0.0 -0.5 0.3 0.4 7.2

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


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

Indexes Percent change from-
Historical
data
Apr.
2022
May
2022
Jun.
2022
Jun.
2021
Apr.
2022
May
2022

Expenditure category

All items

251.041 - 268.916 12.4 7.1 -

All items (1967=100)

670.062 - 717.774 - - -

Food and beverages

255.383 - 313.416 34.0 22.7 -

Food

265.658 - 328.719 35.9 23.7 -

Food at home

264.849 261.347 266.107 10.5 0.5 1.8

Cereals and bakery products

269.975 - 276.048 9.8 2.2 -

Meats, poultry, fish, and eggs

272.445 - 263.467 4.3 -3.3 -

Dairy and related products

236.643 - 252.873 10.9 6.9 -

Fruits and vegetables

390.437 - 389.617 8.6 -0.2 -

Nonalcoholic beverages and beverage materials(1)

176.011 - 176.439 11.8 0.2 -

Other food at home

221.268 - 223.976 17.1 1.2 -

Food away from home

262.823 - 453.489 88.6 72.5 -

Alcoholic beverages

157.908 - 161.471 2.7 2.3 -

Housing

217.718 - 224.166 6.6 3.0 -

Shelter

218.234 223.307 225.754 8.0 3.4 1.1

Rent of primary residence(2)

211.924 213.597 214.582 6.1 1.3 0.5

Owners' equiv. rent of residences(2)

220.107 222.421 225.228 8.1 2.3 1.3

Owners' equiv. rent of primary residence(2)

220.107 222.421 225.228 8.1 2.3 1.3

Fuels and utilities

344.193 - 345.442 -0.5 0.4 -

Household energy

346.603 345.948 345.921 -2.7 -0.2 0.0

Energy services

382.553 382.553 382.553 -3.1 0.0 0.0

Electricity

319.218 319.218 319.218 -4.6 0.0 0.0

Utility (piped) gas service

466.846 466.846 466.846 -1.7 0.0 0.0

Household furnishings and operations

144.208 - 147.547 5.8 2.3 -

Apparel

150.832 - 153.639 3.6 1.9 -

Transportation

284.740 - 313.123 19.7 10.0 -

Private transportation

294.510 - 315.269 16.1 7.0 -

New and used motor vehicles(3)

133.470 - 135.564 - 1.6 -

New vehicles(1)

264.489 - 271.837 - 2.8 -

Used cars and trucks(1)

393.293 - 400.273 6.6 1.8 -

Motor fuel

387.634 411.626 456.032 64.7 17.6 10.8

Gasoline (all types)

387.484 412.213 457.045 63.8 18.0 10.9

Gasoline, unleaded regular(4)

374.488 399.096 442.900 64.6 18.3 11.0

Gasoline, unleaded midgrade(4)(5)

369.350 391.125 434.258 62.0 17.6 11.0

Gasoline, unleaded premium(4)

390.370 412.230 455.243 60.7 16.6 10.4

Medical care

- - 687.385 - - -

Recreation(3)

130.878 - 138.137 3.7 5.5 -

Education and communication(3)

115.287 - 115.622 0.6 0.3 -

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

764.701 - 770.355 1.6 0.7 -

Other goods and services

407.415 - 409.823 8.9 0.6 -

Commodity and service group

All items

251.041 - 268.916 12.4 7.1 -

Commodities

216.273 - 241.239 21.2 11.5 -

Commodities less food & beverages

196.054 - 205.366 13.5 4.7 -

Nondurables less food & beverages

255.565 - 273.857 23.8 7.2 -

Durables

147.848 - 151.497 4.7 2.5 -

Services

279.959 - 291.061 6.4 4.0 -

Special aggregate indexes

All items less medical care

236.025 - 254.101 13.1 7.7 -

All items less shelter

265.660 - 288.833 14.3 8.7 -

Commodities less food

194.674 - 203.786 13.1 4.7 -

Nondurables

255.752 - 296.166 29.6 15.8 -

Nondurables less food

247.641 - 264.691 22.3 6.9 -

Services less rent of shelter(2)

381.337 - 398.350 4.7 4.5 -

Services less medical care services

255.875 - 267.040 6.6 4.4 -

Energy

371.226 384.810 410.455 32.1 10.6 6.7

All items less energy

244.377 - 261.031 10.9 6.8 -

All items less food and energy

241.002 - 249.472 6.3 3.5 -

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 13, 2022