Beware of the Specific Goods LIFO Method
CPAs should be aware of situations for which their clients are using Specific Goods LIFO. Read the full blog article to see why
January 2025 PPI Release Highlights
The Bureau of Labor Statistics (BLS) released January 2025 Producer Price Indexes (PPI) today. Highlights are as follows (all indexes on a seasonally unadjusted basis): Farm products increased 1.6% in the last month and rose 12.4% in the last twelve months Processed foods + feeds rose 0.4% from December and increased 4.6% since January 2024 […]
December 2024 CPI Release Highlights
The Bureau of Labor Statistics (BLS) released December 2024 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): All items fell saw no change in the last month and increased 2.9% in the last twelve months Food at home rose 0.1% from November and increased 1.8% since […]
December 2024 PPI Release Highlights
The Bureau of Labor Statistics (BLS) released December Producer Price Indexes (PPI) today. Highlights are as follows (all indexes on a seasonally unadjusted basis): Farm products increased 1.1% in the last month and rose 9.1% in the last twelve months Processed foods + feeds fell 0.2% from November and increased 4.0% since December 2023 Textile […]
November 2024 CPI Release Highlights
The Bureau of Labor Statistics (BLS) released November 2024 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): All items fell 0.1% in the last month and increased 2.7% in the last twelve months Food at home decreased 0.1% from October and rose 1.6% since November 2023 […]
October 2024 PPI Release Highlights
The Bureau of Labor Statistics (BLS) released October Producer Price Indexes (PPI) today. Highlights are as follows (all indexes on a seasonally unadjusted basis): Farm products increased 0.1% in the last month and rose 2.8% in the last twelve months Processed foods + feeds fell 0.5% from September and increased 1.8% since October 2023 Textile […]
October 2024 CPI Release Highlights
The Bureau of Labor Statistics (BLS) released October 2024 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): All items rose 0.1% in the last month and increased 2.6% in the last twelve months Food at home increased 0.1% from September and rose 1.1% since October 2023 […]
September PPI Release Highlights
The Bureau of Labor Statistics (BLS) released September Producer Price Indexes (PPI) today. Highlights are as follows (all indexes on a seasonally unadjusted basis): Farm products fell 0.2% in the last month and decreased 1.1% in the last twelve months Processed foods + feeds rose 0.8% from August and increased 1.7% since September 2023 Textile […]
September 2024 CPI Release Highlights
The Bureau of Labor Statistics (BLS) released September 2024 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): All items rose 0.2% in the last month and increased 2.4% in the last twelve months Food at home increased 0.4% from August and rose 1.3% since September 2023 […]
August PPI Release Highlights
The Bureau of Labor Statistics (BLS) released August Producer Price Indexes (PPI) today. Highlights are as follows (all indexes on a seasonally unadjusted basis): Farm products fell 3.3% in the last month and decreased 0.6% in the last twelve months Processed foods + feeds decreased 0.2% from July and increased 1.8% since August 2023 Textile […]
August 2024 CPI Release Highlights
The Bureau of Labor Statistics (BLS) released August 2024 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): All items rose 0.1% in the last month and increased 2.5% in the last twelve months Food at home decreased 0.1% from July and rose 0.9% since August 2023 […]
July 2024 CPI Release Highlights
The Bureau of Labor Statistics (BLS) released July 2024 Consumer Price Index (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): All items rose 0.1% in the last month and increased 2.9% in the last twelve months Food at home increased 0.3% from June and rose 1.1% since July 2023 […]