LIFO Blog


Thursday, February 15, 2018

January ’18 PPI Highlights

The Bureau of Labor Statistics (BLS) released January 2018 Producer Price Indexes (PPI) today. The PPI for all commodities increased by 0.7% from December ’17 to January ’18 on a seasonally unadjusted basis. Prices for the Farm products, Processed Foods & Feeds group declined 0.1% from December ’17 to January ’18, while Industrial commodities rose […]

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Wednesday, February 14, 2018

January ’18 CPI Highlights

The Bureau of Labor Statistics (BLS) released January 2018 Consumer Price Indexes (CPI) today. Shown below are historical inflation rates through January 2018 for selected CPI categories. Note: Capitalized BLS Category Names Denote a Major BLS CPI Category Group Inflation rates shown above are seasonally unadjusted averages

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Monday, January 15, 2018

December ’17 CPI Highlights

The Bureau of Labor Statistics (BLS) released December 2017 Consumer Price Indexes (CPI) today. Shown below are historical inflation rates through December 2017 for selected CPI categories.   Bureau of Labor Statistics (BLS) Consumer Price Index (CPI) Table 2 Inflation Rates Through December ’17 (Seasonally Unadjusted) BLS CPI Code BLS CPI Category Description Dec ’17 […]

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Thursday, January 11, 2018

December PPI Highlights

The Bureau of Labor Statistics (BLS) released December 2017 Producer Price Indexes (PPI) today. The PPI for all commodities increased by 0.3% from November – December 2017 on a seasonally unadjusted basis. Prices for the Farm products, Processed Foods & Feeds group declined 0.4% from November to December 2017. The top 10 gainers are listed […]

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Wednesday, December 20, 2017

IPIC LIFO Method Advantages

Advantages of using the IPIC LIFO Method include: Higher inflation indexes possible – Some companies have found CPI or PPI inflation rates to be consistently higher than their internal index inflation. For most large supermarket chains the advantage of using CPI vs. internal indexes has been substantial. An annual positive differential of 1% between CPI […]

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Wednesday, December 13, 2017

November CPI Highlights

The Bureau of Labor Statistics (BLS) released November 2017 Consumer Price Indexes (CPI) today. Shown below are historical inflation rates through November 2017 for selected CPI categories. Bureau of Labor Statistics (BLS) Consumer Price Index (CPI) Table 2 Inflation Rates Through November ’17 (Seasonally Unadjusted) BLS CPI Code BLS CPI Category Description 1 Month Nov […]

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Tuesday, December 12, 2017

November PPI Highlights

The Bureau of Labor Statistics (BLS) released November 2017 Producer Price Indexes (PPI) today. The PPI for all commodities increased by 0.5% from October – November 2017 on a seasonally unadjusted basis. Prices for the Farm products, Processed Foods & Feeds group moved up 0.8% from October to November 2017. The top 10 gainers are […]

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Wednesday, December 6, 2017

Reasons for Congress to Keep the LIFO Inventory Method

Reasons for Congress to Preserve LIFO History of LIFO The last-in, first-out (LIFO) inventory method has been an acceptable accounting method in the U.S. tax code for more than 75 years. Recently, the Senate Finance Committee has proposed eliminating the LIFO method to pay for corporate tax rate reductions that will be included in their […]

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Wednesday, November 15, 2017

October CPI Highlights

The Bureau of Labor Statistics (BLS) released October 2017 Consumer Price Indexes (CPI) today. Shown below are historical inflation rates through October 2017 for selected CPI categories. BLS CPI Inflation Rates Through October 2017 Category Name 1 Month Oct ’17 Oct ’17 / Dec ’16 1 Year Oct ’17 3 Year Oct ’17 5 Year […]

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Tuesday, November 14, 2017

October PPI Highlights

The Bureau of Labor Statistics (BLS) released October 2017 Producer Price Indexes (PPI) today. On a seasonally unadjusted basis, the PPI for all commodities increased by 0.2%. Prices for final demand goods moved up 0.3 percent in October, the third straight increase. Over two-thirds of the October rise can be traced to the index for […]

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