Bob Richardson

The Bureau of Labor Statistics (BLS) released August 2018 Consumer Price Indexes (CPI) today. The Carbonated drinks category increased by 2.1% from July – August and has icnreased 2.3% over the last year. The Canned vegetables index increased 1.7% over the last month and has rose by 2.4% from August ’17 – ’18. Tobacco products other than cigarettes increased by 1.0% from July to August and increased by 4.2% over the last year. The Fuel oil and other fuels group rose by 0.4% over the last month and has increased by 20.1% for the 12 months ended August ’18. Shown below are historical inflation rates through August 2018 for selected CPI categories (all percentages in this blog are seasonally unadjusted averages):

August 2018 CPI v. PPI Inflation for Supermarkets Comparison

The CPI v. PPI inflation spread for supermarkets is shown in the table below:

BLS LIFO Resources & Links

Good LIFO Candidates PPI Inflation History IPIC LIFO Advantages August 2018 BLS CPI Economic News Release