Eurozone inflation fell to its lowest level in more than three years this month thanks to falling energy costs, official data showed on Friday, raising expectations of a European Central

Spanish inflation fell more than expected in August to hit its lowest rate for a year, according to official statistics that offer encouraging news to European Central Bank policymakers weighing the case for a rate cut next month.

Euro zone inflation dropped to a three-year low of 2.2% in August, flash figures from statistics agency Eurostat showed on Friday. The decline from 2.6% in July was in-line with the forecast of economists polled by Reuters.