The Merseyside outfit are currently at the top of the Premier League table with a two-point lead over Chelsea.
The Hammers have all but secured their top-flight safety due to being 11th in the standings on 37 points.
"At the moment, the form of the Liverpool team is at 100%," Allardyce said in Friday's press conference. "The results match that too. They've taken full advantage of other teams slipping up with the goals and results.
"When you have two quality strikers the rest of the team know they'll score if they provide. Suarez finds himself in the top two or three in the world at the moment.
"The commitment he's showed to Liverpool and that Liverpool has shown to him has given him the impetus to improve even from last year."
Both teams have six games left to play in the campaign.