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Monday, January 30, 2012

PERSONAL INCOME RISES IN DECEMBER
Oct.

Nov.

Dec.

Personal income increased 0.5 percent in December after
increasing 0.1 percent in November. Wages and salaries
increased 0.4 percent in December after remaining flat in
November.

Personal
Income

0.4%

0.1%

0.5%

Current-dollar disposable personal income (DPI),
after-tax income, increased 0.4 percent in December after
remaining flat in November.

Currentdollar DPI

0.2%

0.0%

0.4%

Real DPI, income adjusted for taxes and inflation,
increased 0.3 percent in December after remaining flat in
November.

Real DPI

0.3%

0.0%

0.3%

Real PCE

0.1%

0.1%

–0.1%

PCE
Prices

0.0%

0.0%

0.1%

Real consumer spending, spending adjusted for price
changes, decreased 0.1 percent in December after
increasing 0.1 percent in November. Spending on durable
goods decreased 0.1 percent after increasing 0.7 percent.
PCE prices increased 0.1 percent in December after
remaining flat in November. Excluding food and energy,
the PCE price index increased 0.2 percent in December
after increasing 0.1 percent in November.
Personal saving rate
Personal saving as a percent of DPI was 4.0 percent in
December, compared with 3.5 percent in November.

3.6%

3.5%

4.0%

Real Disposable Personal Income and
Real Consumer Spending

1.0
Percent change (monthly)

Personal
Saving
Rate

0.5

Real Disposable Personal
Income

0.0
-0.5

Real Consumer Spending
-1.0

Sep

Oct

Nov

Dec

BEA data—including GDP, personal income, the balance of payments, foreign direct investment, the input-output accounts, and
economic data for states, local areas, and industries—are available on the BEA Web site: www.bea.gov. E-mail alerts are also available.
NOTE: On March 1, 2012, the January estimates of personal income and outlays will be released.
Contact: Ralph Stewart 202–606–2649

Bureau of Economic Analysis, U.S. Department of Commerce