December 17 PPI Highlights
Get the latest updates on commodity inflation trends with PPI release updates from LIFO-PRO’s BLS Blog Page, including historical inflation averages & top 10 monthly gainers!
IPIC LIFO Method Advantages
For most large supermarket chains the advantage of using CPI vs. internal indexes has been substantial.
November ’17 CPI Highlights
The Bureau of Labor Statistics (BLS) released November 2017 Consumer Price Indexes (CPI) today.
November ’17 PPI Highlights
The Bureau of Labor Statistics (BLS) released November 2017 Producer Price Indexes (PPI) today.
Reasons for Congress to Keep the LIFO Inventory Method
The last-in, first-out (LIFO) inventory method has been an acceptable accounting method in the U.S. tax code for more than 75 years.
October ’17 CPI Highlights
Shown below are historical inflation rates through October 2017 for selected CPI categories.
October 17 PPI Highlights
On a seasonally unadjusted basis, the PPI for all commodities increased by 0.2%. Prices for final demand goods moved up 0.3 percent in October, the third straight increase.
Senate Finance Committee Drafting Tax Reform Bill
Based on recent reports, sources indicate that at least two Senate Finance Committee members have stated that they favor LIFO repeal.
LIFO InfoGraphic
Click to view The LIFO Coalition, last-in, first-out inventory accounting method.
Why Trading LIFO Repeal for Reduced Corporate Rates is Unsound Tax Policy
Comparatively speaking, LIFO was enacted during a time of relatively low corporate tax rates. Learn why LIFO repeal is unsound tax policy at this Blog!
The Economic & Budgetary Impact of LIFO Repeal
According to the Tax Foundation LIFO repeal would reduce GDP by $11.6 billion per year & end up reducing federal revenue by $518 million annually. Read more
Facts & Figures Favoring the Acceptability, Preferability & Preservation of LIFO
Summary of the defining principles of the LIFO method & authoritative references that played pivotal roles in its inception.