Cost of Living Indicators

Transcription

1 ANCHORAGE INDICATORS Cost of Living Indicators Consumer Price Index (CPI): Historical Trends , Comparisons by Expenditures Categories. Comparisons with National CPI Alaska Food Cost Survey: Historical Trends , Comparisons with Other Alaska Cities, Electricity and Unleaded Gas Price Comparisons Mayor Mark Begich, Municipality of Anchorage Prepared by: Susan Fison, Fison & Associates 1

2 Anchorage Consumer Price Index Consumer Price Index (Base Period: = 100) Percent Change in Consumer Price Index From Prior Year Period Year Jan Mar Apr May Jul Sep Oct Nov Dec Annual Half1 Half2 Year Jan Mar Apr May Jul Sep Oct Nov Dec Annual Half1 Half Source: U. S. Department of Labor, Bureau of Labor Statistics. 2

3 Index 14% Annual % Change in CPI Anchorage & U.S % 10% 8% 6% 4% 2% 0% Annual Consumer Price Index Anchorage * * Year Source: U.S. Department of labor, Bureau of Labor Statistics. *2005 data is for first half of 2005 only. 3

4 14% 12% Annual % Change in CPI Anchorage & U.S U.S. % Change Anchorage % Change 10% 8% 6% 4% 2% 0% United States Anchorage United States Anchorage United States Anchorage Year Index % Chg. Index % Chg. Year Index % Chg. Index % Chg. Year Index % Chg. Index % Chg % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % % Anchorage Consumer Price Index Consumer Price Index (Base Period: = 100) 4

5 7.0% 6.0% 5.0% 6.2% 4.6% Annual % Change in CPI Anchorage % 3.0% 2.0% 1.0% 0.0% 3.4% 3.1% 2.9% 2.7% 2.8% 2.7% 2.6% 2.1% 1.5% 1.5% 1.7% 1.9% 1.0% % Change in Selected CPI Items Anchorage Change from 2003 to 2004 Utility (piped) gas Gasoline, unleaded regular Electricity Food at home Other Good & Ser. Food away from home Transportation All items Recreation 2 Housing Education & Comm. Apparel Alcoholic beverages Household furnish. & oper. -0.1% -2.7% -5.0% 5.2% 4.1% 3.9% 2.8% 2.6% 2.4% 1.6% 0.9% 0.6% 9.5% 8.4% 12.3% 0.0% 5.0% 10.0% 15.0% 5

6 Anchorage Consumer Price Index ( =100) for All Urban Consumers Consumer Price Index % Chg % Chg EXPENDITURE CATEGORY All items % 2.6% All items (October 1967=100) % 2.6% Food and beverages % 4.4% Food % 4.8% Food at home % 5.2% Food away from home % 3.9% Alcoholic beverages % -0.1% Housing % 1.6% Shelter % 1.5% Rent of primary residence % 1.3% Owners equiv. rent of prim. resid % 1.7% Fuel and other utilities % 9.2% Fuels % 10.1% Gas (piped) and electricity % 9.9% Electricity % 8.4% Utility (piped) gas % 12.3% Household furnishings & operation % -2.7% Apparel % 0.6% Transportation % 2.8% Private transportation % 3.3% Motor fuel % 9.2% Gasoline % 9.2% Gasoline, unleaded regular % 9.5% Gasoline, unleaded premium % 7.2% Medical care NA NA NA NA Recreation 2 NA NA NA 2.4% Education & Communication 2 NA NA NA 0.9% Other Good & Services % 4.1% COMMODITIES & SERVICES GROUP Commodities % 1.9% Commodities less food & beverages % 0.6% Nondurables less food & bev % 3.5% Durables % -2.3% Services % 2.9% SPECIAL INDEXES All items less medical care % 2.4% All items less shelter % 3.1% Commodites less food % 0.5% Nondurables % 3.9% Nondurables less food % 3.2% Services less rent of shelter % 4.8% Services less medical care services % 2.7% Energy % 9.7% All items less energy % 2.1% All items less food and energy % 1.7% 1 Indexes on a Nov. 1982=100 base. 2 Indexes on a Dec. 1997=100 base. NA = Data Not Available. 6

7 Consumer Price Index Consumer Price Index Major Components of CPI Anchorage All items Food & Bev Housing Apparel Transportation Energy Components of CPI Anchorage All items Electricity Utility (piped) Gas Unleaded Gas Energy

8 Bethel* Dutch Harbor* Tok* Cordova* Dillingham* Nome* Haines* Kodiak Seward Delta Fairbanks Homer Kenai-Soldotna Anchorage Mat-Su Sitka Ketchikan Portland Juneau Cost of 1,000 kwh of Electricity Alaska Cities - Sept $163 $151 $140 $140 $137 $135 $122 $116 $98 $96 $94 $88 $290 $277 $270 $256 $245 $225 Source: "Alaska Food Cost Survey," University of Alaska Cooperative Extension Service, Fairbanks. *Communities receiving state of Alaska Power Cost Equalization program subsidy. $194 $0 $50 $100 $150 $200 $250 $300 Cost of Unleaded Gas per Gallon* Dillingham Bethel Nome Cordova Sitka Dutch Harbor Kodiak Tok Seward Homer Juneau Kenai-Soldotna Ketchikan Delta Anchorage Mat-Su Fairbanks Portland Alaska Cities - Sept $4.40 $4.03 $3.60 $3.28 $3.20 $3.10 $3.05 $2.95 $2.94 $2.90 $2.88 $2.84 $2.82 $2.73 $2.72 $2.72 $2.71 $2.70 $0.00 $1.00 $2.00 $3.00 $4.00 $5.00 Source: "Alaska Food Cost Survey," University of Alaska Cooperative Extension Service, Fairbanks. *Based on purchase of a 55 gallon barrel. 8

9 Cooperative Extension Service - University of Alaska Fairbanks September 2005 Data Anchorage Bethel Cordova Delta Dutch Har-bor Dillingham Fairbanks Hai-nes Ho-mer Juneau Kenai- Soldotna Ketchikan Ko-diak Mat-Su Nome Seward Sitka Tok Sales Tax - 5.0% 6.0% - 6.0% 3.0% - 5.5% 6.5% 5.0% 5.0% 5.5% 6.0% 2.8% 5.0% 6.0% 6.0% - - Portland % of Food Unavailable 0.0% 0.0% 0.0% 1.0% 0.0% 0.0% 0.0% 4.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 4.0% 0.0% Child, 1 year Child, 2 years Child, 3-5 years Child, 6-8 years Child, 9-11 years Males, years Males, years Males, years Males, 51 years & over Females, years Females, years Females, 51 yrs & over Family of 2 (20-50 years) Family of 2 (51 & older) Family of 4, child. 1-5 yrs Family of 4, child yrs % Change From: Anchorage, Sept % 66% 38% 19% 86% 39% 2% 43% 24% 2% 5% 4% 22% -1% 64% 11% 10% 4% -18% Anchorage, June % 76% 35% 17% 81% 46% -2% - 28% 8% 9% 8% 23% 3% 62% 23% 18% 5% -16% Anchorage, Sept % 69% 30% 17% - 41% 1% 35% 19% 4% 8% 3% 20% 3% 56% 19% 16% 3% -18% Anchorage, Sept % 76% 50% 21% - 59% 7% 33% 29% 12% 16% 8% 37% 10% 68% 23% 12% 20% -18% Anchorage, Sept % 87% 63% 27% 88% - 0% 59% 38% 10% 18% 10% 42% 25% 79% 23% 24% 26% -14% Other Commodities Electricity, 1000 kwh* Heating oil, 55 gal Gas, 55 gal, unleaded Lumber, 2X4X8' Propane, 100 lb refill Source: "Alaska Food Cost Survey,"University of Alaska Cooperative Extension Service, Fairbanks. * Bold denoates communites receiveing Power Cost Equalization program subsidy. 9

10 Cost of Food* at Home for a Week Dillingham Bethel Nome Haines Dutch Harbor Cordova Homer Kodiak Delta Seward Sitka Kenai-Soldotna Tok Ketchikan Fairbanks Juneau Anchorage Mat-Su Portland Alaska Cities - Sept $99 $174 $169 $168 $150 $148 $145 $134 $134 $128 $126 $126 $124 $124 $122 $121 $202 $199 $227 $0 $50 $100 $150 $200 $250 Source: "Alaska Food Cost Survey," University of Alaska Cooperative Extension Service, Fairbanks. *Based on a family of four with children between 6 and 11 years. $120 $110 $100 $90 $80 $70 $60 Anchorage Weekly Food Prices Family of Four* - September $ Source: "Alaska Food Cost Survey," University of Alaska Cooperative Extension Service, Fairbanks. *Based on a family of four with children between 6 and 11 years. 10