Inflation rate in Alaska down to lowest since February 2021
July 12, 2023
Inflation in Alaska is dropping sharply this year after hitting a 41-year high in 2022, but it still remains unstable overall and uneven in some categories such as housing, according to a report published July 5 by the Alaska Department of Labor.
The statewide inflation rate was 8.1% in 2022, but as of April this year was down to 3.1%, the lowest since February 2021, according to the current issue of Alaska Economic Trends, which is published by the department.
“While it’s uncertain how long it will continue slowing, the rate in April approached historical averages,” the report states...