Personal income increased 0.2 percent in December after increasing 0.4 percent in November. Wages and salaries, the largest component of personal income, increased 0.3 percent in December after increasing 0.4 percent in November.
Current-dollar disposable personal income (DPI),
after-tax income, increased 0.2 percent in December after increasing 0.4 percent in November.
Real disposable personal income (DPI), adjusted for taxes and inflation, decreased 0.1 percent in December after increasing 0.3 percent in November.
Real consumer spending (PCE), adjusted for price changes, increased 0.1 percent in December after increasing 0.3 percent in November. Spending on goods increased 0.1 percent after increasing 0.4 percent, while spending on services increased 0.1 percent after increasing 0.3 percent.
PCE prices increased 0.3 percent in December after increasing 0.1 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 7.6 percent in December and 7.8 percent in November.
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