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.
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%.