Personal Income increased 0.4% in December, Spending increased 0.4%

The BEA released the Personal Income and Outlays report for December: Personal income increased $58.7 billion (0.4 percent) in December according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $48.0 billion (0.3 percent) and personal consumption expenditures (PCE) increased $54.2 billion (0.4 percent). ... Real PCE increased 0.3 percent. The PCE price index increased 0.1 percent. Excluding food and energy, the PCE price index increased 0.2 percent. The December PCE price index increased 1.7 percent year-over-year and the December PCE ......(read more)

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