Transcription of COST the LIVING - Alaska
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COST the LIVING - Alaska
4 Alaska ECONOMIC TRENDSJULY 2018By NEAL FRIED Infl a on near historic low again while na on s infl a on rises The cost of LIVING IN ALASKAT hird Year of Low Infl a on1A CPI, 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Source: department of Labor, Bureau of Labor Sta s csInfl a on hovered near a record low for a third straight year in 2017, with the Anchorage Consumer Price Index increasing just percent. This is the fi rst me infl a on in Alaska hasn t topped half a per-centage point for three years in a row. (See Exhibit 1.)The rate has been lower just four other mes since 1960, when the Bureau of Labor Sta s cs began producing infl a on data for Anchorage. The lowest recorded rate was percent in 1963. Then, infl a on registered just percent in 1987 and 1988, during Alaska s earlier recession, and again in 2016. No other economic indicator has more daily ramifi ca- ons for people than infl a on.
4 JULY 2017 ALASKA ECONOMIC TRENDS Source: U.S. Department of Labor, Bureau of Labor Sta s cs CPI-U 1 AÄ «ÊÙ ¦ ÊÄÝçà ٠ÖÙ® ®Ä ø « Ħ , 2006-16
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