The double-extension method does not reliably measure the amount of price inflation during a year and should not be considered a permissible LIFO method. The double-extension method has been considered by the IRS to be the preferred method to make dollar-value method LIFO index calculations for the almost 60 years that the dollar-value LIFO method […]
The Bureau of Labor Statistics (BLS) released July 2019 Producer Price Indexes (PPI) today. The All commodities index rose by 0.3% over the last month & decreased by 1.6% over the last year on a seasonally unadjusted basis. Dairy products increased by 1.2% from June to July ’19 and rose by 5.6% from July ’18 […]
The Bureau of Labor Statistics (BLS) released June 2019 Consumer Price Indexes (CPI) today. The all items category was unchanged over the last month & rose by 1.6% over the last year while All items less food and energy increased 0.2% from May – June 19 and rose by 2.1% from May ’18 – ’19. […]
The Bureau of Labor Statistics (BLS) released June 2019 Producer Price Indexes (PPI) today. The All commodities index declined by 0.6% over the last month & decreased by 1.9% over the last year on a seasonally unadjusted basis. Leading the decreases was refined petroleum with a 7.3% decline from May – June 2019 and a […]
The Bureau of Labor Statistics (BLS) released May 2019 Consumer Price Indexes (CPI) today. The all items category increased 0.2% over the last month & rose by 1.8% over the last year while All items less food and energy increased 0.1% between April – May ’19 and rose by 2.0% between May ’18 – ’19. […]
The Bureau of Labor Statistics (BLS) released May 19 Producer Price Indexes (PPI) today. The All commodities index decreased 0.3% over the last month & declined by 0.8% over the last year on a seasonally unadjusted basis. Industrial commodities less fuels was unchanged between April – May ’19 & rose by 0.7% between May ’18 […]
The most common resistance we get when speaking with companies regarding LIFO is related to its complexity. “It just doesn’t make sense” is a common theme. “I don’t know why anyone would go out of their way to make inventory accounting more complicated” is another often-used rebuttal. But the bottom line is that LIFO provides […]
The Bureau of Labor Statistics (BLS) released April 2019 Consumer Price Indexes (CPI) today. The all items category increased 0.5% over the last month & rose by 2.0% over the last year while All items less food and energy increased 0.2% between March – April ’19 and rose by 2.1% between April ’18 – ’19.
The Bureau of Labor Statistics (BLS) released April 2019 Producer Price Indexes (PPI) today. The All commodities index increased 0.5% over the last month & rose by 0.9% over the last year on a seasonally unadjusted basis.
The Bureau of Labor Statistics (BLS) released March 2019 Producer Price Indexes (PPI) today. The All commodities index increased 1.2% over the last month & rose by 0.9% over the last year on a seasonally unadjusted basis.
The Bureau of Labor Statistics (BLS) released March 2019 Consumer Price Indexes (CPI) today. The all items category increased 0.6% over the last month & rose 1.9% over the last year while All items less food and energy increased 0.3% between February – March ’19 and rose 2.0% between March ’18 – March ’19.
The Bureau of Labor Statistics (BLS) released February 2019 Producer Price Indexes (PPI) today. The All commodities index increased 0.1% over the last month & decreased 0.3% over the last year on a seasonally unadjusted basis.
