applicable Government price index
Defined in 1 place of the United States Code.
The term “applicable Government price index” means—
(A) except as provided in subparagraph (B), the Producer Price Index published by the Bureau of Labor Statistics, or
(B) in the case of a retailer using the retail method, the Consumer Price Index published by the Bureau of Labor Statistics.
Source
- 1994–present26 U.S.C. § 474Internal Revenue Code · Simplified dollar-value LIFO method for certain small businesses · for purposes of this section