Consumer price inflation picked up last month, as African swine flu led to a jump in pork prices. But with broad price pressures still relatively subdued, it’s still too soon to sound the alarm on inflation. Export growth slowed, though this appears to reflect firms taking advantage of the weaker exchange rate to cut export prices, rather than a softening of export volumes. Shipments to the US accelerated, suggesting that any tariff impact was offset by robust demand from US consumers.
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