Mexico's 12-month headline inflation rate fell again in September, after easing in the previous month, raising expectations that the central bank will continue to cut its benchmark interest rate. Annual headline inflation in Latin America's second-largest economy hit 4.

Mexico’s inflation edged lower in September, according to the Instituto Nacional de Estadistica Geografia e Informatica (INEGI). Headline and Core Consumer Price Index (CPI) readings came below estimates and trended toward hitting Banxico's 3% plus or minus 1% goal.