The Bureau of Labor Statistics (BLS) released January 2020 Producer Price Indexes (PPI) today. All commodities saw an increase of 0.2% over the last month and increase of 0.1% over the last year. Bolts, nuts, screws, rivets and washers increased by 1.8% over the last month & rose by 6.4% over the last year. From December […]
The Bureau of Labor Statistics (BLS) released January 2020 Consumer Price Indexes (CPI) today. The All commodities index increased by 0.4% over the last month & has increased 2.5% over the last year on a seasonally unadjusted basis. All items less food and energy increased by .04% between December ’19 – January 2020 & rose […]
The Bureau of Labor Statistics (BLS) released November 2019 Producer Price Indexes (PPI) today. All commodities saw an increase of 0.1% over the last month and decrease of 0.9% over the last year. Crude petroleum (domestic production) increased by 3.4% over the last month & rose by 12.7% over the last year. Dental equipment and supplies […]
The Bureau of Labor Statistics (BLS) released December 2019 Consumer Price Indexes (CPI) today. The All commodities index decreased by 0.1% over the last month & has increased 2.3% over the last year on a seasonally unadjusted basis. All items less food and energy decreased by 0.1% between November – December ’19 & rose 2.3% […]
Imagine a company with $5 million of inventory that’s taking proposals from several CPA firms to properly manage it. The company is not on LIFO, their current CPA firm never performed a benefit analysis or even offered the idea of LIFO to them and the only thing the client’s CFO recalls about LIFO is […]
The Bureau of Labor Statistics (BLS) released November 2019 Producer Price Indexes (PPI) today. The All commodities index increased by 0.3% over the last month & has decreased by 1.6% over the last year on a seasonally unadjusted basis. Dairy products increased by 1.5% over the last month & rose by 7.4% over the last […]
The Bureau of Labor Statistics (BLS) released November 2019 Consumer Price Indexes (CPI) today. The All commodities index decreased by 0.1% over the last month & has increased 2.1% over the last year on a seasonally unadjusted basis. All items less food and energy was unchanged between October – November ’19 & rose 2.3% between […]
Companies using the IPIC LIFO method must choose between using final or preliminary Producer Price Indexes. The most important differences between these two options is availability & timing. The BLS releases preliminary indexes around the 15th of the month for the previous month based on price surveys returned from companies and then follows up with […]
The Bureau of Labor Statistics (BLS) released October 2019 Producer Price Indexes (PPI) today. The All commodities index increased by 0.2% over the last month & has decreased by 3.0% over the last year on a seasonally unadjusted basis. Farm products increased by 6.0% over the last month & rose by 4.1% over the last […]
The Bureau of Labor Statistics (BLS) released October 2019 Consumer Price Indexes (CPI) today. The All commodities index increased by 0.2% over the last month & has increased 1.8% over the last year on a seasonally unadjusted basis. Candy and chewing gum increased by 3% from September to October ’19 and rose by 4.9% from […]
The Bureau of Labor Statistics (BLS) released September 19 Consumer Price Indexes (CPI) today. The all items category increased 0.1% over the last month & rose 1.7% over the last year while All items less food and energy increased 0.1% between August – September ’19 and rose 2.4% between September ’18 – ’19. Tobacco and […]
LIFO-PRO releases this list of the top 50 LIFO candidates annually in October following the Bureau of Labor Statistics (BLS) releasing September Producer Price Indexes (PPI). This allows for the best LIFO candidates to be identified in advance keeping in mind that considering a LIFO election typically requires prior planning and buy in from the […]
