2007-06 PAER
June 15, 2007
- How Accessible is Health Care in Your County?
- Taxes, the Budget, and the 2007 Session of the Indiana General Assembly
- Legal and Tax Issues
- The Economic Impact of Indiana’s Turfgrass Industry
Articles in this Publication:
June 15, 2007
Eda Unal, Graduate Student; Susan Chen, Assistant Professor and Brigitte Waldorf, Professor
Larry DeBoer,* Professor
Gerald A. Harrison, Professor and Extension Economist
Quintrell Hollis, Graduate Student and Jennifer H. Dennis*, Assistant Professor.
*Jennifer H. Dennis is also in the Horticulture & Landscape Architecture Department, Purdue University.
Three forces interact to shape the 2026 commodity price outlook: (1) the trade policy headwind created by tariffs and retaliatory measures that suppress the transmission of supply tightening into higher U.S. export prices; (2) a biofuel demand tailwind that works through domestic markets and is strengthened by elevated oil prices and renewable fuels policy; and (3) the emerging El Niño climate pattern that elevates production uncertainty in both the U.S. and global crops.
READ MOREThe Bureau of Labor Statistics collects Producer Price Index (PPI) prices on the Tuesday of the week containing the 13th of each month. The March survey date was March 10. The Iran conflict began on February 28, making March 10 exactly ten days post-onset. The February survey date was February 10 — eighteen days before the conflict began – but well within the window of pre-conflict rhetoric and US troop buildup in the region.
READ MOREThe March 2026 CPI report confirms what the structural analysis predicted: the Iran Conflict’s initial consumer price impact is concentrated in motor fuels, which respond to crude oil prices with almost no lag. The 0.9 percent monthly CPI increase is large by recent standards — the largest monthly increase since mid-2022, but it is not yet the broad-based food and goods inflation that a prolonged Strait of Hormuz disruption will eventually produce.
READ MORE