Personal income remained flat in December after increasing 0.2 percent in November. Wages and salaries, the largest component of personal income, also remained flat after rising 0.5 percent.
Current-dollar disposable personal income (DPI), after-tax income, remained flat in December after increasing 0.1 percent in November.
Real DPI, income adjusted for taxes and inflation, decreased 0.2 percent in December after increasing 0.1 percent in November.
Real consumer spending, spending adjusted for price changes, increased 0.2 percent in December after increasing 0.6 percent in November. Spending on durable goods decreased in December after increasing in November.
PCE prices increased 0.2 percent in December after remaining flat in November. Excluding food and energy, PCE prices rose 0.1 percent in December.
Personal saving rate
Personal saving as a percent of DPI was 3.9 percent in December and 4.3 percent in November.
To learn more about personal income and outlays, read the full report.