COPENHAGEN, Oct. 12 (Xinhua) -- Low oil prices have helped keep inflation down in Denmark, data from the country's national statistical agency showed Monday.
Denmark's consumer price index (CPI) increased 0.5 percent in September compared to the year before, said Danmarks Statistik.
Low energy prices, particularly price developments in gasoline, district heating and fuel oil, have pulled the overall index down by 0.57 percentage points, data revealed.
Excluding energy and unprocessed food, the underlying inflation rose 1.2 percent in September year-on-year.
Las Olsen, a private economist at Denmark's Danske Bank, believes that low inflation is more or less positive for the Danish economy, referring to the country's annual wage growth of 1.5 percent in the private sector which is higher than the rise in prices.
"This means that a typical Danish family has nearly 400 kroner (61 U.S. dollars) more to spend monthly this year than that of last year, and it is also why we are currently seeing growth in private consumption," Olsen said.
Consumer prices increased 0.2 percent in September compared to August, pulled up by sales of clothing, vegetables and fruits, according to the agency.
In the past month, clothing and footwear registered the sharpest price rise of 6.8 percent, mainly due to the end of summer sales.
