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.
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.
- 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.
- 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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