The Cyprus September inflation rate decreased to 2.4% compared with 2.9% in August and 3.5% in September 2010, figures released today by Cyprus` Statistical Service show.

The Consumer Price Index (CPI) for September 2011 increased by 0.91 units or 0.78% to 116.86 units compared with 115.95 in August 2011.

According to CyStat, this is mainly attributed to increases in the prices of certain clothing and footwear items, electricity, certain fresh fruit, items of jewellery and tuition fees of private educational institutions and part-time education coaching centres. Decreases have been recorded in the prices of airfares and petroleum products.

The rate of increase of the Index, and therefore the rate of inflation for September 2011 dropped to 2.4% compared to 2.9% in August 2011 and 3.5% in September 2010.