Consumer Spending Rises in November

pi1Personal income increased 0.2 percent in November after decreasing 0.1 percent in October. Wages and salaries, the largest component of personal income, rose 0.4 percent after rising 0.1 percent.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.1 percent in November after decreasing 0.2 percent in October.

Real DPI, income adjusted for taxes and inflation, increased 0.1 percent in November after decreasing 0.2 percent in October.

Real consumer spending, spending adjusted for price changes, increased 0.5 percent in November after increasing 0.4 percent in October. Spending on durable goods increased in November as well as October.

PCE prices remained flat in November, the same as in October. Excluding food and energy, PCE prices rose 0.1 percent in November.

pi2Personal saving rate
Personal saving as a percent of DPI was 4.2 percent in November and 4.5 percent in October.

To learn more about personal income and outlays, read the full report.



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