March 25, 2015
Average state personal income growth accelerated to 3.9 percent in 2014 from 2.0 percent in 2013. Growth of state personal income – the sum of net earnings by place of residence, property income, and personal current transfer receipts – ranged from 0.5 percent Nebraska to 5.7 percent in Alaska and Oregon, with 45 states growing faster in 2014 than in 2013. Inflation, as measured by the national price index for personal consumption expenditures, was 1.3 percent in 2014 and 1.2 percent in 2013.
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