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 […]
The Bureau of Labor Statistics (BLS) released August 2022 Consumer Price Indexes (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): All items were unchanged in the last month and increased 8.3% in the last twelve months All items, less food + energy, rise 0.5% from July 2022 and rose […]
The Bureau of Labor Statistics (BLS) released July 2022 Producer Price Indexes (PPI) today. Highlights are as follows (all indexes on a seasonally unadjusted basis): Farm products decreased 2.6% in the last month and increased 27.1% in the last twelve months Processed foods + feeds decreased 0.4% from June 2022 and increased 13.4% since July […]
The Bureau of Labor Statistics (BLS) released July 2022 Consumer Price Indexes (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): The All items category was unchanged month over month and increased 8.5% in the last twelve months All items, less food & energy, rose 0.3% from June 2022 and […]
The Bureau of Labor Statistics (BLS) released June 2022 Producer Price Indexes (PPI) today. Highlights are as follows (all indexes on a seasonally unadjusted basis): Farm products decreased 1.0% in the last month and increased 26.5% in the last twelve months Processed foods + feeds rose 1.2% from May 2022 and increased 11.3% since June […]
The Bureau of Labor Statistics (BLS) released June 2022 Consumer Price Indexes (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): All items increased 1.4% over the last month and rose 9.1% over the last twelve months Commodities, less food + energy commodities, increased 0.8% from May 2022 and rose […]
The Bureau of Labor Statistics (BLS) released May 2022 Producer Price Indexes (PPI) today. Highlights are as follows (all indexes on a seasonally unadjusted basis): Farm products rose 2.3% in the last month and increased 26.4% in the last twelve months Processed foods + feeds increased 0.8% from April 2022 and rose 11.8% since May […]
The Bureau of Labor Statistics (BLS) released May 2022 Consumer Price Indexes (CPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): The all items index rose 1.1% over the last month and increased 8.6% over the last twelve months Commodities, less food + energy commodities, rose 0.4% from April 2022 […]
The Bureau of Labor Statistics (BLS) released April 2022 Producer Price Indexes (PPI) today. Highlights are as follows (all indexes are on a seasonally unadjusted basis): Farm products rose 4.9% in the last month and increased 35.6% in the last twelve months Processed foods + feeds increased 2.5% from March 2022 and rose by 13.6% […]
