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News Release Information

19-368-SAN
Tuesday, March 12, 2019

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

Consumer Price Index, Alaska area – February 2019

Area prices were up 0.3 percent over the past two months, up 2.5 percent from a year ago

Prices in the Alaska area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.3 percent for the two months ending in February 2019, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that the February increase was influenced by higher prices for recreation and 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 increased 2.5 percent.  (See chart 1 and table A.) Energy prices advanced 1.6 percent, largely the result of an increase in the price of electricity. The index for all items less food and energy advanced 2.6 percent over the year. (See table 1.)

Food

Food prices increased 1.6 percent for the two months ending in February. (See table 1.) Prices for food away from home increased 1.8 percent, and prices for food at home rose 1.5 percent for the same period.

Over the year, food prices advanced 2.6 percent. Prices for food away from home advanced 3.1 percent since a year ago, and prices for food at home increased 2.1 percent.

Energy

The energy index decreased 4.0 percent for the two months ending in February. The decrease was mainly due to lower prices for gasoline (-9.4 percent). Prices for natural gas service were unchanged, while prices for electricity rose 2.6 percent for the same period.

Energy prices advanced 1.6 percent over the year, largely due to higher prices for electricity (22.5 percent). Prices for gasoline declined 6.8 percent, and prices paid for natural gas service decreased 4.2 percent during the past year.

All items less food and energy

The index for all items less food and energy advanced 0.5 percent in the latest two-month period. Higher prices for recreation (2.5 percent) and medical care (1.0 percent) were partially offset by lower prices for education and communication (-1.1 percent) and shelter (-0.7 percent).

Over the year, the index for all items less food and energy advanced 2.6 percent. Components contributing to the increase included recreation (11.5 percent) and medical care (9.6 percent). Partly offsetting the increases were price declines in apparel (-4.0 percent) and education and communication (-1.4 percent).

The April 2019 Consumer Price Index for the Urban Alaska area is scheduled to be released on May 10, 2019.

Consumer Price Index Geographic Revision for 2018

In January 2018, BLS introduced a new geographic area sample for the Consumer Price Index (CPI). This index changed to a bimonthly publication schedule beginning in February, 2018. Additional information on the geographic revision is available at: www.bls.gov/cpi/additional-resources/geographic-revision-2018.htm.


Technical Note

The Consumer Price Index (CPI) is a measure 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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 28 percent of the total 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 87 urban areas across the country from about 6,000 housing units and approximately 24,000 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 (1982-84) that equals 100.0. An increase of 16.5 percent, for example, is shown as 116.5. This change can also be expressed in dollars as follows: the price of a base period "market basket" of goods and services in the CPI has risen from $10 in 1982-84 to $11.65. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the BLS Handbook of Methods, Chapter 17, The Consumer Price Index, 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 sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.

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-
Dec.
2018
Jan.
2019
Feb.
2019
Feb.
2018
Dec.
2018
Jan.
2019

Expenditure category

All items

226.537-227.1832.50.3-

All items (1967=100)

604.658-606.382---

Food and beverages

211.929-215.0432.41.5-

Food

217.381-220.9232.61.6-

Food at home

212.048209.750215.2302.11.52.6

Cereals and bakery products

211.917-232.5166.69.7-

Meats, poultry, fish, and eggs

200.111-193.200-4.0-3.5-

Dairy and related products

197.539-193.487-1.2-2.1-

Fruits and vegetables

325.525-344.5126.75.8-

Nonalcoholic beverages and beverage materials(1)

152.772-152.4214.6-0.2-

Other food at home

179.433-179.3881.30.0-

Food away from home

223.983-228.0103.11.8-

Food away from home

223.983-228.0103.11.8-

Alcoholic beverages

156.859-156.2430.7-0.4-

Housing

207.391-206.8891.6-0.2-

Shelter

206.817205.372205.4540.4-0.70.0

Rent of primary residence(2)

203.867201.022200.239-0.2-1.8-0.4

Owners' equiv. rent of residences(2)

206.499206.614206.5531.20.00.0

Owners' equiv. rent of primary residence(2)

206.499206.614206.5531.20.00.0

Fuels and utilities

352.161-359.77310.22.2-

Household energy

374.024379.525379.41110.71.40.0

Energy services

416.494423.040423.04010.81.60.0

Electricity

376.791386.404386.40422.52.60.0

Utility (piped) gas service

459.057459.057459.057-4.20.00.0

Household furnishings and operations

130.125-130.5102.10.3-

Apparel

156.886-156.372-4.0-0.3-

Transportation

224.167-224.1290.80.0-

Private transportation

234.828-234.6021.1-0.1-

New and used motor vehicles(3)

--112.7124.2--

New vehicles(1)

--259.85311.0--

Used cars and trucks(1)

259.298-261.5170.80.9-

Motor fuel

243.415231.907220.780-6.8-9.3-4.8

Gasoline (all types)

244.275232.669221.382-6.8-9.4-4.9

Gasoline, unleaded regular(4)

236.629224.185213.215-7.3-9.9-4.9

Gasoline, unleaded midgrade(4)(5)

232.426224.249213.310-5.1-8.2-4.9

Gasoline, unleaded premium(4)

242.334237.399226.466-4.6-6.5-4.6

Motor vehicle insurance(1)

1,007.596-1,007.5963.20.0-

Medical care

602.454-608.2759.61.0-

Recreation(3)

130.522-133.82811.52.5-

Education and communication(3)

114.262-113.014-1.4-1.1-

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

726.787-727.8493.50.1-

Other goods and services

353.754-355.5233.50.5-

Commodity and service group

All items

226.537-227.1832.50.3-

Commodities

182.766-183.0781.60.2-

Commodities less food & beverages

167.253-166.3931.2-0.5-

Nondurables less food & beverages

214.301-207.180-2.7-3.3-

Durables

127.325-130.0044.92.1-

Services

264.231-265.1733.00.4-

Special aggregate indexes

All items less medical care

213.335-213.8312.00.2-

All items less shelter

234.396-236.1043.50.7-

Commodities less food

167.189-166.3371.2-0.5-

Nondurables

213.512-211.7600.0-0.8-

Nondurables less food

210.238-203.742-2.4-3.1-

Services less rent of shelter(2)

358.305-363.4515.91.4-

Services less medical care services

244.411-245.1662.30.3-

Energy

298.743293.759286.7991.6-4.0-2.4

All items less energy

222.654-224.1142.60.7-

All items less food and energy

223.879-225.0152.60.5-

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: Tuesday, March 12, 2019