State personal income growth slowed to 0.5 percent in the third quarter of 2012 from 0.7 percent in the second quarter. Growth slowed in 34 states, accelerated in 11, and was unchanged in 5. Growth across states ranged from 1.4 percent in North Dakota to –1.6 percent in South Dakota. Inflation, as measured by the national price index for personal consumption expenditures, accelerated to 0.4 percent in the third quarter from 0.2 percent in the second quarter.
For more information about state personal income, read the full report.