September 2020 PPI Release Highlights

The BLS released September 2020 PPI today. The All commodities index increased 0.7% in the last month and decreased 1.5% in the last twelve months. Processed foods and feeds decreased 0.6% from August 2020 and decreased 0.3% from September 2019 – September 2020. Fruits & melons, fresh/dry vegetables & nuts rose by 7.7% in the […]

September 2020 CPI Release Highlights

The Bureau of Labor Statistics (BLS) released September 2020 Consumer Price Indexes (CPI) today. The all commodities index saws an increase of 0.1% in the last month and increased by 1.4% in the last twelve months. Food at home decreased 0.4% since August 2020 and increased 4.1% from September 2019. Used cars and trucks increased […]

LIFOPro Software Internal Index Module Released

Automate All Aspects of LIFO Calculations in a Few Clicks of a Button The LIFOPro team is proud to announce that the latest release of the LIFOPro software now includes a robust Internal Index Module that completely automates all aspects of dollar-value internal index LIFO calculations. With this new release, users can complete both the […]

August 2020 CPI Release Highlights

The Bureau of Labor Statistics (BLS) released August 2020 Consumer Price Indexes (CPI) today. The All commodities index saw an increase of 0.3% in the last month and increased by 1.3% in the last 12 months. Food rose by 0.1% from July – August ’20 and has risen 4.1% between August 2019 – August 2020. […]

August 2020 PPI Release Highlights

The BLS released August 2020 PPI today. The All commodities index increased 0.6% over the last month & decreased 2.6% from August ’19 – ’20. Processed foods decreased 0.3% from July – August ’20 and increased 0.3% between August 2019 – August 2020. Lumber and wood products saw a rise of 5.1% in the last […]

July 2020 CPI Release Highlights

The Bureau of Labor Statistics (BLS) released July 2020 Consumer Price Indexes (CPI) today. The All Commodities index saw a 0.5% increase over the last month & has increased 1.0% over the last 12 months on a seasonally unadjusted basis. Housekeeping supplies increased 1.8% from June – July 2020 & rose 5.2% between July ’19 […]

July 2020 PPI Release Highlights

The Bureau of Labor Statistics (BLS) released July 2020 Consumer Price Indexes (CPI) today. The All Commodities index saw a 0.5% increase over the last month & has increased 1.0% over the last 12 months on a seasonally unadjusted basis. Housekeeping supplies increased 1.8% from June – July 2020 & rose 5.2% between July ’19 […]

Why RV Dealerships are Great LIFO Candidates

How LIFO Works The LIFO inventory method matches current period revenues with the most recent period’s costs to provide a better measure of current earnings when there is inflation. The LIFO method transfers the inflationary portion of the ending inventory balance from the balance sheet to the income statement via cost of goods sold. When […]

LIFOPro Software Promotional Offer

LIFOPro highly values the relationships we have with all of our software users. When we begun as a software-only company, we knew there was a great desire for automating calculations & greatly simplifying LIFO procedures. Since then, we’ve taken great pride in having of the most reputable & successful companies as software users. In our […]

Introducing the LIFOPro Software Private Cloud

As LIFOPro has evolved in the last three decades since our inception in 1992, we are constantly making improvements based on our client’s needs. With the advancement of technology, companies are expecting web-based software solution options more than ever. LIFOPro has answered that call with our new private cloud. As efficient as our software & […]

June 2020 CPI Release Highlights

The Bureau of Labor Statistics (BLS) released June 2020 Consumer Price Indexes (CPI) today. The All Commodities index saw a 0.5% increase over the last month & has increased 0.6% over the last 12 months on a seasonally unadjusted basis. All items less food and energy increased 0.2% from May – June 2020 & rose […]