December 14, 2023

Real personal consumption expenditures (PCE) by state increased in 42 states and the District of Columbia in 2022, with the percent change ranging from 5.7 percent in Alaska to –3.2 percent in New Hampshire.

Real personal income declined in 45 states and the District of Columbia in 2022, with the percent change ranging from 3.0 percent in North Dakota to –8.9 percent in Rhode Island.

Real PCE Dec14

Regional estimates of real PCE and real personal income are the current-dollar estimates adjusted by the corresponding regional price parity (RPP) and the national PCE price index. In 2022, the national PCE price index increased 6.5 percent.

Real personal consumption expenditures
 
Real PCE for the nation increased 2.5 percent in 2022.
 
  • Alaska had the largest increase in real PCE, at 5.7 percent. Current-dollar PCE increased 9.5 percent, while its implicit regional price deflator increased 3.6 percent.
     
  • New Hampshire had the largest decline in real PCE, at 3.2 percent. Current-dollar PCE increased 8.2 percent, while its implicit regional price deflator increased 11.8 percent.

Real personal income

Real personal income for the nation declined 4.2 percent in 2022.

Real PI for States Dec14
  • North Dakota had the largest increase in real personal income, at 3.0 percent. Current-dollar personal income increased 7.0 percent, while its implicit regional price deflator increased 3.8 percent.
     
  • Rhode Island had the largest decline in real personal income, at 8.9 percent. Current-dollar personal income declined 0.5 percent, while its implicit regional price deflator increased 9.2 percent.

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