Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

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
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 -4.0 7.6

October

-1.2 -0.3 0.6 0.3 1.2 6.3 1.1 7.6

December

-0.5 0.0 -0.5 0.3 0.4 7.2

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

Indexes Percent change from-
Historical
data
Aug.
2022
Sep.
2022
Oct.
2022
Oct.
2021
Aug.
2022
Sep.
2022

Expenditure category

All items

258.149 - 261.093 7.6 1.1 -

All items (1967=100)

689.035 - 696.892 - - -

Food and beverages

253.686 - 256.280 5.2 1.0 -

Food

263.673 - 266.239 5.4 1.0 -

Food at home

263.396 262.717 262.148 4.2 -0.5 -0.2

Cereals and bakery products

273.922 - 271.175 3.5 -1.0 -

Meats, poultry, fish, and eggs

248.495 - 244.159 -8.8 -1.7 -

Dairy and related products

256.274 - 255.561 8.3 -0.3 -

Fruits and vegetables

396.445 - 399.935 6.5 0.9 -

Nonalcoholic beverages and beverage materials(1)

186.424 - 189.101 17.0 1.4 -

Other food at home

219.255 - 217.435 8.8 -0.8 -

Food away from home

259.763 - 270.227 7.7 4.0 -

Alcoholic beverages

159.495 - 162.679 3.0 2.0 -

Housing

227.265 - 228.557 7.6 0.6 -

Shelter

230.430 231.278 231.883 9.8 0.6 0.3

Rent of primary residence(2)

218.464 219.850 221.081 7.7 1.2 0.6

Owners' equiv. rent of residences(2)

229.592 231.674 234.276 10.3 2.0 1.1

Owners' equiv. rent of primary residence(2)

229.592 231.674 234.276 10.3 2.0 1.1

Fuels and utilities

349.009 - 351.676 1.2 0.8 -

Household energy

351.625 352.073 354.708 0.0 0.9 0.7

Energy services

389.566 389.566 392.574 -0.2 0.8 0.8

Electricity

324.079 324.079 327.825 -2.8 1.2 1.2

Utility (piped) gas service

476.840 476.840 478.719 2.6 0.4 0.4

Household furnishings and operations

144.281 - 144.348 1.3 0.0 -

Apparel

157.724 - 152.303 -1.4 -3.4 -

Transportation

292.096 - 302.776 14.7 3.7 -

Private transportation

304.353 - 308.937 13.8 1.5 -

New and used motor vehicles(3)

135.707 - 134.355 3.9 -1.0 -

New vehicles(1)

274.213 - 275.444 4.2 0.4 -

Used cars and trucks(1)

399.498 - 373.635 1.3 -6.5 -

Motor fuel

407.658 393.029 432.070 41.6 6.0 9.9

Gasoline (all types)

407.215 393.087 433.795 41.2 6.5 10.4

Gasoline, unleaded regular(4)

393.535 379.547 419.339 41.6 6.6 10.5

Gasoline, unleaded midgrade(4)(5)

390.052 378.411 417.231 41.8 7.0 10.3

Gasoline, unleaded premium(4)

410.206 397.346 436.326 39.3 6.4 9.8

Medical care

- - 702.913 4.8 - -

Recreation(3)

137.233 - 139.474 6.6 1.6 -

Education and communication(3)

115.412 - 116.024 0.7 0.5 -

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

766.816 - 774.522 1.3 1.0 -

Other goods and services

409.969 - 416.968 7.1 1.7 -

Commodity and service group

All items

258.149 - 261.093 7.6 1.1 -

Commodities

218.663 - 220.388 7.4 0.8 -

Commodities less food & beverages

200.328 - 201.633 8.7 0.7 -

Nondurables less food & beverages

262.425 - 267.980 16.1 2.1 -

Durables

150.365 - 149.236 2.5 -0.8 -

Services

291.333 - 295.364 7.7 1.4 -

Special aggregate indexes

All items less medical care

242.594 - 245.704 7.8 1.3 -

All items less shelter

269.989 - 273.691 6.6 1.4 -

Commodities less food

198.855 - 200.224 8.5 0.7 -

Nondurables

257.861 - 261.775 9.9 1.5 -

Nondurables less food

254.057 - 259.418 15.3 2.1 -

Services less rent of shelter(2)

390.374 - 398.946 5.4 2.2 -

Services less medical care services

266.550 - 270.774 8.0 1.6 -

Energy

384.929 376.667 400.343 22.4 4.0 6.3

All items less energy

251.110 - 253.330 6.4 0.9 -

All items less food and energy

249.289 - 251.452 6.6 0.9 -

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