Cooling inflation in Lower 48 relieving grocery prices, but when will they drop in Alaska?

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Cooling inflation in Lower 48 relieving grocery prices, but when will they drop in Alaska?
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Now, inflation is cooling across the country, but Alaska is not seeing the same impacts on prices yet. Over the last 12 months, the Consumer Price Index in the Anchorage area fell 3.3%, with food prices down 18.9%, but when the date range is narrowed to the two months ending in June, food prices increased 1.2% in Alaska.

ANCHORAGE, Alaska - U.S. Bureau of Labor statistics show that U.S. consumers are paying nearly 40% more for a basket of common grocery items than they did before the pandemic in early 2020.particularly the Anchorage area

“In most cases, it’s not that prices are declining in absolute terms — all it means is the rate of inflation, or their increases, have gotten significantly smaller,” Fried said. “Now there are a few examples of actual declines in prices — for example, gasoline or energy compared to a year ago, or eggs, like we all witnessed when that spike of eggs occurred.”

Solberg says they work hard to alleviate price pressures and hopes the prices will continue to go down. She said she has noticed that more people have been charging their credit cards and have been applying for jobs at the store. “It’s getting to the point where it’s just way too much,” added Anchorage resident Frank Irausquin. “I would say there’s a lot of greed in it, and not just reasonable cost of living or our system.”

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