Real Disposable Income Rises in December

Personal income increased 0.3 percent in December, the same increase as in November.Personal Income Feb 1 Wages and salaries, the largest component of personal income, increased 0.2 percent in December after increasing 0.5 percent in November.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in December after increasing 0.2 percent in November.

Real DPI, income adjusted for taxes and inflation, increased 0.4 percent in December after increasing 0.2 percent in November.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.1 percent in December after increasing 0.4 percent in November. Spending on durable goods decreased 0.7 percent in December after increasing 1.8 percent in November.

PCE prices decreased 0.1 percent in December after increasing 0.1 percent in November. Excluding food and energy, PCE prices remained flat in December after increasing 0.2 percent in November.

Personal saving rate
Personal saving as a percent of DPI was 5.5 percent in December and 5.3 percent in November.

DPI Feb 1

For more information, read the full report.


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