This special summer supplement to the Index of Prices Paid provides a mid-year update to my beginning-of-the-year forecast. The green industry supply chain is back to its pre-COVID performance and, according
to most supply chain metrics, inflationary pressures on key green industry inputs are declining. However, key inputs (such as labor) are still experiencing YOY increases, so we are still not fully out of the woods yet.
This mid-year release should prove useful as growers are in the midst of negotiating with suppliers for next year’s inputs and simultaneously attempting to set next year’s plant prices. Please note that all line items in the index have been updated, but the available data that I incorporate into my econometric models are still subject to revision between now and end of the year. While forecasts by their very nature are moving targets, I hope this initial guidance looking ahead to EOY 2025 and into 2026 can provide insight to guide your decision making.
