Cost of living rises in Anchorage

Posted: Sunday, January 31, 2010

ANCHORAGE - New federal statistics show the cost of living is up slightly in Anchorage.

That's in contrast to the decrease in the cost of living nationally last year.

The U.S. Bureau of Labor Statistics, which tracks inflation, says Anchorage enjoyed a short-lived decline in consumer prices last year. The city's average price for consumer goods declined 0.7 percent in the first part of the year. But the rising price of natural gas and electricity pushed the cost of living back up to 1.8 percent for the second half.

Prices were up 1.2 percent in Anchorage over the prior year.

For the year, prices went up 1.2 percent in Anchorage over the prior year. That's a modest gain compared with the 4.6 percent leap in local consumer prices in 2008.

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