On a year-to-date basis the FSD wholesale price index continues to show the highest inflation rate in more than 10 years. Prices through July are up 5.23%, reflecting higher prices for all indices except seafood. Analysts expect inflationary pres-sures to remain steady during the third quarter as the year-to-date wholesale price index inched up 0.17% from last month. Dairy markets are expected to stay fairly tight through most of 2004, even though prices probably will slip from spring levels. Production will be weak, and demand is projected to stay reasonablv good. Unless pipeline stocks have been built to very large levels, further sharp price breaks do not seem likely.
展开▼
