fell 0.09% in June, contrasting May's 0.15% month-on-month rise, the latest FocusEconomics' LatinFocus Consensus Forecast report affirmed.
According to
FocusEconomics, June's drop was largely the result of lower prices of food and beverages, housing, as well as transport and communication.
Meanwhile,
inflation declined to 2.3% from May's 20-month high of 2.6%, thus remaining within the Central Reserve Bank's target range of 2.0% plus or minus 1.0 percentage point.
"In June, core consumer prices, which exclude energy and food prices, increased 0.1% from the previous month, down from May's 0.2% uptick. Finally,
core inflation dropped from May's 2.6% to an over one-year low of 2.3% in June," it expressed.
The Central Reserve Bank expects
inflation to end 2019 at 2.1% and 2020 at 2.0%.