Personal income increased 0.6 percent in January after increasing 0.1 percent in December. Wages and salaries, the largest component of personal income, increased 0.5 percent in January after increasing 0.1 percent in December.
Current-dollar disposable personal income (DPI), after-tax income, increased 0.6 percent in January after increasing 0.1 percent in December.
Real disposable personal income (DPI), adjusted for taxes and inflation, increased 0.5 percent in January after decreasing 0.1 percent in December.
Real consumer spending (PCE), adjusted for price changes, increased 0.1 percent in January after increasing 0.1 percent in December. Spending on goods was unchanged after increasing 0.1 percent, while spending on services increased 0.1 percent after increasing 0.1 percent.
PCE prices increased 0.1 percent in January after increasing 0.3 percent in December. Excluding food and energy, PCE prices increased 0.1 percent in January after increasing 0.2 percent in December.
Personal saving rate
Personal saving as a percent of DPI was 7.9 percent in January and 7.5 percent in December.
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