The Bureau of Labor Statistics (BLS) released January 2023 Consumer Price Indexes (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): All items decreased by 0.1% in the last month and rose 6.4% in the last twelve months All items, less energy, increased 0.3% from December 2022 and rose 6.4% […]
The Bureau of Labor Statistics (BLS) released December 2022 Producer Price Indexes (PPI) today. Highlights are as follows (all indexes on a seasonally unadjusted basis): Farm products decreased 1.5% in the last month and rose 23.2% in the last twelve months Processed foods + feeds decreased 1.0% from November 2022 and increased 9.7% since December […]
The Bureau of Labor Statistics (BLS) released December 2022 Consumer Price Indexes (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): All items rose .2% in the last month and increased 8.2% in the last twelve months Food at home rose 0.6% from November and increased by 13.0% since December […]
The Bureau of Labor Statistics (BLS) released November 2022 Consumer Price Indexes (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 8.2% in the last twelve months Food at home increased 0.6% from October 2022 and rose 13.0% since November […]
The Bureau of Labor Statistics (BLS) released November 2022 Producer Price Indexes (PPI) today. Highlights are as follows (all indexes on a seasonally unadjusted basis): Farm products increased 6.8% in the last month and rose 29.6% in the last twelve months Processed foods + feeds rose 1.3% from October 2022 and increased 11.0% since November […]
The Bureau of Labor Statistics (BLS) released October 2022 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 by 26.7% in the last twelve months Processed foods + feeds decreased 0.8% since September 2022 and increased 9.5% from […]
The Bureau of Labor Statistics (BLS) released October 2022 Consumer Price Indexes (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): All items increased 0.2% in the last month and rose by 8.2% in the last twelve months Food at home rose 0.6% from September 2022 and increased 13.0% since […]
LIFOPro has completed the annual updates to the Excel file used by LIFOPro clients for populating BLS PPI Table 9 category names via VLOOKUP formulas in their inventory detail files. LIFOPro clients should use the email received containing the Complete Table 9 PPI Category Name file download link to obtain the updated file (feel free […]
Although LIFO is the biggest inventory-related tax savings tool for companies with inflation, it’s important to understand the requirements & sub methodology options available related to LIFO elections. This blog outlines the most important LIFO election requirements, provides a comprehensive list of LIFO method alternatives & breaks down the pros & cons of each alternative. […]
The Bureau of Labor Statistics (BLS) released September 2022 Consumer Price Indexes (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): All items rose 0.2% in the last month & increased 8.2% in the last twelve months Food at home increased by 0.6% from August 2022 and rose 13.0% since […]
The Bureau of Labor Statistics (BLS) released September 2022 Producer Price Indexes (PPI) today. Highlights are as follows (all indexes on a seasonally unadjusted basis): Farm products decreased 0.7% in the last month and increased 25.6% in the last twelve months Processed foods + feeds decreased by 0.5% from August 2022 and rose 9.7% since […]
The Bureau of Labor Statistics (BLS) released August 2022 Producer Price Indexes (PPI) today. Highlights are as follows (all indexes on a seasonally unadjusted basis): Farm products decreased 2.9% over the last month and increased 22.7% over the last twelve months Processed foods + feeds rose 0.7% from July 2022 and increased 11.7% since August […]
