Real Consumer Spending Rises in December

Personal income increased 0.4 percent in December after increasing 0.3 percent in PI Chart Jan 29November. Wages and salaries, the largest component of personal income, increased 0.5 percent in December after increasing 0.4 percent in November.

Current-dollar disposable personal income (DPI), after-tax income, increased 0.3 percent in December, the same increase as in November.

Real DPI, income adjusted for taxes and inflation, increased 0.2 percent in December after no change in November.

Real consumer spending (PCE), spending adjusted for price changes, increased 0.3 percent in December after increasing 0.5 percent in November. Spending on durable goods increased 0.8 percent in December after increasing 1.1 percent in November.

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

Personal saving rate
Personal saving as a percent of DPI was 2.4 percent in December after 2.5 percent in November.

For more information, read the full report.

Real DPI Jan29


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