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News Release Information

21-2002-SAN
Wednesday, November 10, 2021

Contacts

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

Consumer Price Index, Anchorage area — October 2021

Area prices were up 1.2 percent over the past two months, up 6.3 percent from a year ago

Prices in the Anchorage area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 1.2 percent for the two months ending in October 2021, 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 food at home 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 6.3 percent. (See chart 1 and table A.) Food prices rose 7.4 percent. Energy prices jumped 19.7 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy increased 4.9 percent over the year. (See table 1.)

Chart 1. Over-the-year percent change in CPI-U, Urban Alaska, February 2019-October 2021

Food

Food prices increased 2.5 percent for the two months ending in October. (See table 1.) Prices for food at home increased 3.4 percent. Prices for food away from home increased 1.0 percent for the same period.

Over the year, food prices rose 7.4 percent. Prices for food at home increased 7.8 percent since a year ago, led by higher prices for meats, poultry, fish, and eggs (18.0 percent) and nonalcoholic beverages and beverage materials (10.4 percent). Prices for food away from home increased 6.8 percent.

Energy

The energy index rose 0.9 percent for the two months ending in October. The increase was mainly due to higher prices for gasoline (0.8 percent). Prices for electricity increased 1.3 percent, while prices for natural gas service were unchanged for the same period.

Energy prices jumped 19.7 percent over the year, largely due to higher prices for gasoline (53.3 percent). Prices paid for electricity decreased 9.6 percent, and prices for natural gas service decreased 1.7 percent during the past year.

All items less food and energy

The index for all items less food and energy increased 1.0 percent in the latest two-month period. Higher prices for household furnishings and operations (2.8 percent) and shelter (0.9 percent) were partially offset by lower prices for recreation (-2.2 percent) and used cars and trucks (-1.2 percent).

Over the year, the index for all items less food and energy increased 4.9 percent. Components contributing to the increase included new and used motor vehicles (13.6 percent), recreation (4.5 percent), and shelter (3.7 percent).

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

April

0.6 2.7 -1.6 -2.5 1.8 4.8

June

2.5 2.5 1.0 -3.8 2.5 6.2

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

The December 2021 Consumer Price Index for the Anchorage area is scheduled to be released on January 12, 2022.

Coronavirus (COVID-19) Pandemic Impact on October 2021 Consumer Price Index Data

Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended almost entirely since March 16, 2020. When possible, data normally collected by personal visit were collected either online or by phone. Additionally, data collection in October was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily unavailable and imputed.

While the CPI program attempted to collect as much data as possible, many indexes are based on smaller amounts of collected prices than usual, and a small number of indexes that are normally published were not published this month. Additional information is available at https://www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumer-price-index.htm.


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; Federal Relay Service: (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

Indexes Percent change from-
Historical
data
Aug.
2021
Sep.
2021
Oct.
2021
Oct.
2020
Aug.
2021
Sep.
2021

Expenditure category

All items

239.899 - 242.708 6.3 1.2 -

All items (1967=100)

640.324 - 647.822 - - -

Food and beverages

237.569 - 243.523 7.0 2.5 -

Food

246.560 - 252.664 7.4 2.5 -

Food at home

243.406 249.023 251.671 7.8 3.4 1.1

Cereals and bakery products

251.362 - 262.046 8.3 4.3 -

Meats, poultry, fish, and eggs

257.917 - 267.774 18.0 3.8 -

Dairy and related products

224.830 - 236.049 4.6 5.0 -

Fruits and vegetables

359.835 - 375.387 3.7 4.3 -

Nonalcoholic beverages and beverage materials(1)

159.318 - 161.686 10.4 1.5 -

Other food at home

195.445 - 199.766 2.1 2.2 -

Food away from home

248.555 - 251.008 6.8 1.0 -

Alcoholic beverages

153.480 - 157.906 2.2 2.9 -

Housing

210.096 - 212.321 2.9 1.1 -

Shelter

209.285 210.574 211.174 3.7 0.9 0.3

Rent of primary residence(2)

204.827 204.659 205.303 2.2 0.2 0.3

Owners' equiv. rent of residences(2)

210.136 210.910 212.363 3.4 1.1 0.7

Owners' equiv. rent of primary residence(2)

210.136 210.910 212.363 3.4 1.1 0.7

Fuels and utilities

345.281 - 347.442 -3.4 0.6 -

Household energy

351.744 351.853 354.620 -5.7 0.8 0.8

Energy services

390.360 390.360 393.217 -6.2 0.7 0.7

Electricity

332.689 332.689 337.170 -9.6 1.3 1.3

Utility (piped) gas service

466.730 466.730 466.730 -1.7 0.0 0.0

Household furnishings and operations

138.549 - 142.469 3.7 2.8 -

Apparel

155.858 - 154.407 5.8 -0.9 -

Transportation

257.702 - 263.933 21.7 2.4 -

Private transportation

272.036 - 271.533 20.0 -0.2 -

New and used motor vehicles(3)

- - 129.306 13.6 - -

New vehicles(1)

- - 264.254 1.9 - -

Used cars and trucks(1)

373.147 - 368.785 28.0 -1.2 -

Motor fuel

302.332 303.584 305.128 53.4 0.9 0.5

Gasoline (all types)

304.743 306.059 307.215 53.3 0.8 0.4

Gasoline, unleaded regular(4)

293.960 294.894 296.118 54.2 0.7 0.4

Gasoline, unleaded midgrade(4)(5)

291.888 293.625 294.181 50.6 0.8 0.2

Gasoline, unleaded premium(4)

309.677 312.334 313.125 48.9 1.1 0.3

Motor vehicle insurance(1)

797.305 - 805.771 - 1.1 -

Medical care

- - 670.439 1.1 - -

Recreation(3)

133.749 - 130.806 4.5 -2.2 -

Education and communication(3)

114.485 - 115.240 0.1 0.7 -

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

764.193 - 764.593 0.4 0.1 -

Other goods and services

379.831 - 389.457 4.7 2.5 -

Commodity and service group

All items

239.899 - 242.708 6.3 1.2 -

Commodities

202.904 - 205.209 10.5 1.1 -

Commodities less food & beverages

184.922 - 185.434 12.8 0.3 -

Nondurables less food & beverages

228.808 - 230.741 14.8 0.8 -

Durables

146.090 - 145.644 10.8 -0.3 -

Services

271.033 - 274.274 3.6 1.2 -

Special aggregate indexes

All items less medical care

225.049 - 227.901 6.8 1.3 -

All items less shelter

253.477 - 256.750 7.5 1.3 -

Commodities less food

183.745 - 184.468 12.3 0.4 -

Nondurables

233.982 - 238.110 10.3 1.8 -

Nondurables less food

222.694 - 224.961 13.6 1.0 -

Services less rent of shelter(2)

372.908 - 378.532 3.3 1.5 -

Services less medical care services

247.417 - 250.738 3.8 1.3 -

Energy

324.111 324.894 326.952 19.7 0.9 0.6

All items less energy

235.317 - 238.129 5.3 1.2 -

All items less food and energy

233.713 - 235.939 4.9 1.0 -

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, November 10, 2021