Personal Income increased 0.3% in December, Spending increased 0.5% - InvestingChannel

Personal Income increased 0.3% in December, Spending increased 0.5%

The BEA released the Personal Income and Outlays report for December:

Personal income increased $50.2 billion (0.3 percent) in December according to estimates released today by the Bureau of Economic Analysis … personal consumption expenditures (PCE) increased $63.1 billion (0.5 percent).

Real PCE increased 0.3 percent. The PCE price index increased 0.2 percent. Excluding food and energy, the PCE price index increased 0.1 percent.

On inflation: The PCE price index increased 1.6 percent year-over-year. (This was up from 1.4% year-over-year in November). The core PCE price index (excluding food and energy) increased 1.7 percent year-over-year in December (the same as in November).

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