Real Disposable Income Rises In January

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Personal income rose 0.3 percent in January, the same increase as in December. Wages and salaries, the largest component of personal income, rose 0.6 percent in January after rising 0.1 percent in December.

Current-dollar disposable personal income (DPI), after-tax income, rose 0.4 percent in January after rising 0.3 percent in December.

Real DPI, income adjusted for taxes and inflation, increased 0.9 percent in January after increasing 0.5 percent in December.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in January after decreasing 0.1 percent in December. Spending on durable goods increased 0.2 percent in January after decreasing 1.0 percent in December.

PCE prices decreased 0.5 percent in January after decreasing 0.2 percent in December. Excluding food and energy, PCE prices increased 0.1 percent in January after increasing less than 0.1 percent in December.

Personal saving rate
Personal saving as a percent of DPI was 5.5 percent in January and 5.0 percent in December.

For more, see the full report.

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