Peru's central bank expects Aug inflation at about July's 2.96pc

LIMA: The president of Peru's central bank said Tuesday that the annual inflation rate in August will likely be similar to the 2.96 percent pace posted in July.

Julio Velarde told reporters on the sidelines of an economic forum that inflation will likely cool to about 2.8 percent by the end of the year before continuing to cool toward the central bank's goal of 2 percent in 2017.